WorldCom whistleblower will not testify
The whistleblower in the £2.5bn accounting scandal at telco company WorldCom has been excused from testifying in front of a US Congressional Committee next week.
According to reports, Cynthia Cooper, the vice-president for internal auditing, who was the first to spot accounting irregularities, was expected to stand on Monday.
However, she has been excused as the Congressional committee decided her testimony could ‘potentially compromise other enquiries’ at the Mississippi-based company.
This follows reports in the New York Times that sacked WorldCom chief financial officer Scott Sullivan allegedly tried to hinder efforts by auditors to ‘see’ expenses shortly before the company’s near $4bn accounting shortfall came to light.