Former Enron chairman Kenneth Lay has blamed his finance officer Andrew
Fastow entirely for the fraud that brought down the energy giant in 2001.
Speaking at a business lunch in Houston just a month before his own trial,
Lay said his trust in Fastow was entirely misplaced and that he bitterly
Lay faces seven conspiracy and fraud charges concerning the collapse of the
company with multibillion-dollar debts, but has always protested his innocence.
Fastow pleaded guilty to similar criminal charges last year and is expected
to testify against Lay at his trial.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies