BusinessCompany NewsFormer Enron CFO to turn on NatWest three

Former Enron CFO to turn on NatWest three

Fastow will give evidence at NatWest bankers' US trial, it emerges

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.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

4w Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

5m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

5m Alia Shoaib, Reporter
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

8m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

8m Emma Smith, Managing Editor
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

8m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

8m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

8m Emma Smith, Managing Editor