BusinessCompany NewsEnron jury retires to consider verdict

Enron jury retires to consider verdict

Defence team claims charges are ‘absurd’

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
arguments.

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.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

4w Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

5m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

5m Alia Shoaib, Reporter
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

8m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

8m Emma Smith, Managing Editor
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

8m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

8m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

8m Emma Smith, Managing Editor