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02/08/2002 09:29 AM ID: 17144 Permalink   

Ex-Enron CEO Claims Ignorance


Jeff Skilling, who was the head of the bankrupt Enron firm until August last year, has told a panel of US Congressmen that he never knew the company was lying to its shareholders.

He claims that when he left it, four months before its collapse, "I did not believe the company was in any imminent financial peril."

One Congressman on the panel has already said that the company collapse was not because of one or two people. "From senior managers to corporate directors to outside counsel to accountants, almost no-one who had the power to sound the alarm... did so."

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