The jury in the trial of former Enron bosses Jeff Skilling and Ken Lay has
retired to consider its verdict after the defence teams wrapped up their closing
Defence lawyer Daniel Petrocelli said the prosecution’s claims were ‘absurd’
and called his client, Jeff Skilling, a ‘tortured man’.
‘You can say fraud to your heart’s content. No matter how many times you say
fraud, it doesn’t make it true,’ Petrocelli said.
Skilling faces 28 counts of fraud and conspiracy while Lay, Enron’s founder
is charged with six such offences.
They are accused of trying to hide $32bn (£18bn) of debts at the firm, but
deny any wrongdoing.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements