Former Enron CFO Andrew Fastow is to give evidence against the NatWest three,
it has emerged.
The Guardian reported that Fastow had admitted guilt as part of the
scheme and would be giving evidence as part of a plea bargain.
The three are accused of defrauding their employer to the tune of around £4m
through a scheme to purchase a company NatWest owned at undervalue.
Fastow’s evidence recently helped convict both Ken Lay and Jeff Skilling,
Enron’s former CEOs.
The US is said to be pushing for seven- to nine-year jail terms for the
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements