Lay’s lawyer refused on Monday to accept a subpoena to appear before two investigating committees that are attempting to piece together the jigsaw that led to the collapse of the US’s seventh largest public company. His lawyer said he had no idea where Lay was.
Andersen chief executive Joseph Berardino is due to testify before a congressional hearing at 3pm GMT this afternoon.
Enron management are being investigated for allegations of inflating Enron’s share price by covering up massive losses in the company.
Lay has refused to appear voluntarily before Congress saying that he would not get a fair hearing.
Lay owns over a dozen homes in the US, including four worth more than $6m (£4m) each in the exclusive ski resort of Aspen, as well as around nine properties in Houston where Enron is based.
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars