BusinessBusiness RecoveryPwC winds up last remnants of Enron’s European operations

PwC winds up last remnants of Enron's European operations

Remainder of Enron's European operations wound up after 14-year administration overseen by PwC

PwC winds up last remnants of Enron’s European operations

THE European operations of Enron, the energy company that collapsed in 2001, have been wound up after the completion of a 14-year administration overseen by PwC, reports City AM.

Administrators from PwC were appointed to oversee the winding up of Enron’s assets in Europe after the US company’s spectacular implosion, costing 21,000 jobs.

Enron became synonymous with corporate fraud and malpractice when it filed for Chapter 11 bankruptcy in the US following revelations of fraud and money laundering.

Enron former chief executive Jeff Skilling is serving a 14-year prison sentence after being convicted of fraud in 2006. Chairman Kenneth Lay was found guilty on fraud charges in 2006, but died that year.

The scandal contributed to the collapse of Andersen, accountants to Enron at the time. Administration of Enron’s US operations is ongoing.

Related Articles

SFP sells off Pixel Projects and saves all staff

Business Recovery SFP sells off Pixel Projects and saves all staff

11m Stephanie Wix, Writer
Administrators from KPMG appointed to City Motor Holdings

Business Recovery Administrators from KPMG appointed to City Motor Holdings

1y Richard Crump, Writer
Begbies Traynor appointed administrators of William Anelay

Accounting Firms Begbies Traynor appointed administrators of William Anelay

1y Richard Crump, Writer
FRP Advisory sells Harland Machine Systems to Accraply Europe

Accounting Firms FRP Advisory sells Harland Machine Systems to Accraply Europe

1y Richard Crump, Writer
CVR Global sells DMG Steelworkers out of administration in pre-pack deal

Accounting Firms CVR Global sells DMG Steelworkers out of administration in pre-pack deal

1y Richard Crump, Writer
Smith & Williamson appointed administrators of 4Children

Accounting Firms Smith & Williamson appointed administrators of 4Children

1y Richard Crump, Writer
Cowgill Holloway concludes sale of film distributor Metrodome

Accounting Firms Cowgill Holloway concludes sale of film distributor Metrodome

1y Richard Crump, Writer
PwC must face MF Global lawsuit over accounting advice

Accounting Firms PwC must face MF Global lawsuit over accounting advice

1y Richard Crump, Writer