Enron trial: Skilling defends Lay

During his third day on the witness stand, former Enron CEO Jeffrey Skilling
has defended the reputation of Enron founder and fellow-accused Ken Lay.

Speaking at his trial in Houston, Skilling saying the he and Lay made a ‘good
team’ that never knowingly broke the law.

Skilling also denied that Enron ever used illegal cash reserves to disguise
massive trading profits or cover earnings shortfalls.

He testified that there was no ‘cookie jar’ account.

Skilling is charged with 28 counts of conspiracy and fraud related to the
company’s collapse while Lay, 63, faces six charges of fraud and conspiracy.

Both men deny the charges.

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