Skilling attorney grills ex-Enron investor relations chief
Attorney for former CEO attempts to discredit witness testimony
Attorney for former CEO attempts to discredit witness testimony
The defence lawyer for former Enron CEO Jeff Skilling has continued to
cross-examine Mark Koenig, the former ex-chief of investor relations at the
energy company, in an attempt to discredit his testimony.
For a third day running Daniel Petrocelli grilled Koenig, who pleaded guilty
to securities fraud in 2004 and faces 10 years in prison and $1m in fines,
saying that Koenig was not actually guilty of those crimes but was coerced by
the government to enter the plea, CNN reported.
Koenig, now a government witness, had testified that for the April 2001
quarter Enron had purposely mis-stated the purpose of a reorganisation, saying
the real reason Enron moved about $200m in assets from one division to another
was to hide losses in its retail business unit.
Petrocelli is expected to wrap up his cross-examination tomorrow.
Skilling and his predecessor, Kenneth Lay, are being tried for a combined 37
counts of conspiracy and fraud in connection with the fall of Enron.
Lay and Skilling have pleaded not guilty
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