Court shown revealing Andersen email
Prosecutors have heaped yet more pressure on splitting firm Andersen, after revealing damaging emails between auditors at the centre of the Enron document shredding scandal.
One of the emails said ‘send for more shredding bags’, and formed part of what prosectutors believe is proof of a conspiracy by the firm to hide the true nature of its role in the Enron affair.
The featured email was sent by Shannon Adlong out of the firm’s Houston office on 24 October.
In December 2001 the energy giant collapsed, soon after it admitted to overstating profits by $586m (£413m) and understated debt by $2.6bn (£1.8bn).
Its Chapter 11 filing was the biggest in US corporate history, leaving behind an estimated $63bn (£43bn) in liabilities,