BusinessCompany NewsWakeham doubted Enron policies

Wakeham doubted Enron policies

Lord Wakeham, the former Energy secretary and chartered accountant, is set to admit that he voiced concerns over Enron's accounting policies, according to reports today.

The non-executive director of Enron, who has temporarily stepped down from his chairmanship at the Press Complaints Commission, has been subpoenaed to appear before a US Senate committee to explain his role in the collapse of Enron, once the US’ seventh largest public company.

It is understood the Tory peer will tell US investigators that his own probes were blocked by the company’s management.

The Trades Union Congress and the US trade union federation AFL-CIO have called on the ICAEW to investigate the Tory peer for alleged breaches of its professional and ethical standards in his role as a director of the energy trading giant.

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