Former Enron CFO to turn on NatWest three

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
three.

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