PracticeAuditEnron scandal ousts Wakeham from PCC

Enron scandal ousts Wakeham from PCC

Lord Wakeham, the embattled peer and chartered accountant, has stood down as chairman of the Press Complaints Commission until his involvement in the Enron affair has been clarified.

The temporary move came after his role in the collapse of US energy giant Enron came under increasing media scrutiny.

Describing his decision as a ‘matter of honour’, Wakeham said he wanted to protect the PCC from damaging speculation.

The former Tory minister is expected to give evidence to two separate congressional investigations into the collapse of the energy firm. He had been employed as a non-executive director of the collapsed energy giant since 1994.

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