Enron’s audit firm indicted

Published March 16, 2002

WASHINGTON, March 15: A federal grand jury has indicted accounting firm Andersen for obstruction of justice tied to probes of Enron Corp.’s collapse, federal officials announced on Thursday, prompting Andersen to say its business was damaged but it had no plans for bankruptcy.

The US Justice Department said Andersen was indicted in connection with the destruction of tons of documents and computer files sought in probes of fallen energy trading giant Enron.

Deputy Attorney General Larry Thompson said the indictment included allegations of widespread criminal conduct by Andersen, charging the firm sought to undermine the justice system by destroying evidence relevant to investigators.

“Dozens of large trunks were brought in to haul documents from Andersen’s office and Enron’s building to Andersen’s firm office in Houston in order to destroy literally tons of documents,” Thompson said.

The indictment alleged that Andersen partners and others, at urgent and mandatory meetings, told employees to immediately destroy documents on Enron, a top campaign contributor to President George W. Bush and others in Washington.—Reuters

Opinion

Editorial

Centre vs provinces
10 Jun, 2026

Centre vs provinces

DELAYS in budget announcements are normal. After all, it is not easy to satisfy different lobbies competing for a...
Party in crisis
10 Jun, 2026

Party in crisis

THE young KP chief minister must be starting to realise just how thorny a seat he occupies. There has been a flurry...
Varsity woes
10 Jun, 2026

Varsity woes

FINANCIAL crises affecting public sector universities across Pakistan are now having an impact on academic...
Doctor attacked
09 Jun, 2026

Doctor attacked

AN act of reprehensible violence has shaken the medical community. On Saturday, an employee of the Provincial Civil...
AJK flare-up
Updated 09 Jun, 2026

AJK flare-up

The situation started deteriorating after a trader affiliated with the JAAC was reportedly shot in an altercation with law-enforcers.
Fault lines
09 Jun, 2026

Fault lines

THE April 8 ceasefire that halted hostilities between Israel and Iran has encountered its most serious test yet....