BusinessCompany NewsSkilling to take the stand on Monday

Skilling to take the stand on Monday

Former Enron CEO to testify

Jeff Skilling, the former boss of Enron, is expected to testify next week in
the government fraud case against him and Ken Lay.

Skilling, along with former boss, Lay are facing multiple charges of fraud in
relation to the collapse of Enron in 2001.

Yesterday in Houston, government prosecutors worked to undermine the
credibility of a defence witness who said the collapsed energy giant’s books
were clean.

Former Enron general counsel James Derrick spent the entire day on the
witness stand on Thursday, mostly testifying for the defence, which tried to use
Derrick to show that Skilling did not fiddle the books between 1999 and 2001 to
hide losses.

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