Washington: Former Enron senior executives ducked the fire of lawmakers'
questioning, pleading ignorance or flat out refusing to testify on dubious financial
transactions that ultimately brought the energy giant to its knees.
Drilled by a panel of skeptical lawmakers, former Enron president and CEO Jeffrey
Skilling on February 7 repeatedly said he did not recall meetings and denied
wrongdoing surrounding financial partnerships that apparently hid losses.
"Today, after thousands of people have lost jobs, thousands of people have lost
money, and, most tragically, my best friend has taken his own life, it all looks
different," Skilling said, in a reference to former Enron vice-chairman Cliff
Baxter.
But, he said, he knew nothing of more than one billion in hidden losses discovered
by Enron's in-house investigation.
Skilling at least agreed to speak to the House panel investigating Enron's
spectacular fall. Others stood, raised their right hands, swore to tell the truth,
then promptly invoked their Constitutional right not to testify before Congress on
the grounds that their testimony could be used against them in a court of
Law.
The Enron collapse, marked by the largest corporate bankruptcy in US history, left
thousands unemployed, wiped out the pension savings of thousands more, and yet
seemed to have left senior staff unscathed.
Among those refusing to answer questions were Andrew Fastow, former chief financial
officer, Michael Kopper, former managing director of Enron Global Finance, Richard
Buy, chief risk officer, and Richard Causey, chief accounting officer.