Former Enron chairman Kenneth Lay was back in court yesterday facing a second
trial relating to charges of fraud in his personal financial affairs.
Lay, who is awaiting a jury verdict over charges relating to the collapse of
the former energy corporation, has been accused of lying to three banks and
misusing the proceeds of a $75m (£40m) loan. A guilty verdict could see him face
a jail term of up to 30 years.
Lay’s legal team have accused federal prosecutors of dredging up a
little-known old law as an add-on, in case they fail to obtain a conviction from
the Enron trial.
Accountancy Age Jobs is delighted to announce the launch of a brand new look website for finance and accountancy professionals
The UK gender pay gap will not close until 2069 unless action is taken to tackle it now, according to new research by Deloitte
Three former Tesco executives, including the former finance director of Tesco UK, have been charged with fraud by the Serious Fraud Office in relation to a £263m accounting scandal at the retailer.
Deloitte chief executive David Sproul is among 11 chief executives to take part in global executive search firm Odgers Berndtson’s CEO for a Day scheme