The company’s collapse, believed to be the biggest in US corporate history, has left behind debts of around $15bn.
It is currently under criminal investigations by the US department of Justice, and is facing an inquiry from chief US financial watchdog, the Securities and Exchange Commission.
Trading stopped when the shares had reached 67 cents today. They were once worth over $80.
In a further twist to the already complex tale, Andersen has admitted to the SEC, the US Department of Justice, congressional committees and other agencies investigating the Enron collapse that it has disposed of ‘a significant but undetermined number of Enron-related documents’.
Andersen, the group’s auditors, are also facing investigation.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements