Link: Re-live the Enron story
Lay, who was charged last month on 11 counts ranging from conspiracy to fraud, has been eager for a speedy trial from the start, expected to be cleared of all charges.
Lay has strong ties to president George W. Bush, whom the president calls ‘Kenny Boy’.
Lay has been charged in an indictment that also named Jeff Skilling, Enron’s former chief executive, and Richard Causey, Enron’s former chief accounting officer, in the collapse of the company which shook the world in November 2001, the FT reported.
Prosecutors accuse Lay of taking over the conspiracy from Skilling, when Skilling abruptly resigned after just six months in the top job. Lay had led the company before that, yet he has not been charged for those years as chief executive.
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