BusinessCompany NewsLord Wakeham faces subpoena

Lord Wakeham faces subpoena

Accountant Lord Wakeham is reported to be among Enron board directors to be issued with additional subpoenas by investigators looking at links between the US government and the collapsed energy giant.

The Tory peer quit his position as a non-executive director of Enron last month.At a meeting of the US Governmental Affairs Committee yesterday, its chairman Jo Lieberman said he was issuing additional subpoenas to Arthur Andersen and past and current Enron directors.

The body, which is investigating Enron’s collapse, will seek information about Enron’s communications with the White House and other federal agencies.

Lord Wakeham is also reported today to have raised questions about Enron’s relationship with its auditors Andersen almost eight years ago – shortly after he joined the board of the collapsed energy giant.

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