Speaking on BBC Radio 4’s The Today Programme, Watkins, a qualified accountant and former vice president of corporate development at Enron, said although the country’s top prosecutors were handling the case, she was disappointed that two years on neither Jeffery Skilling nor Kenneth Lay, both former CEOs, have not yet been indicted.
She described Enron as having a ‘fig leaf of propriety about its fraudulent structures’ with former auditors Andersen and other law firms signing everything off making it much harder to show criminal intent.
‘Until execs start going to prison, you will still have companies trying to get away with criminal activity. You need to see execs in prison to changes behavior,’ Watkins added.
UK senior partner Phil Verity has been elected for a second term at Mazars
Tallat Mahmood appointed to corporate finance team of Top 20 firm
Top 25 firm HW Fisher & Co has acquired London firm Rhodes & Rhodes
Top Ten firm RSM has appointed Nick Blundell as its head of corporate tax in Birmingham