Former Enron Executive to Appear Before Senate
VOA News
26 Feb 2002 09:34 UTC
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Former Enron chief executive Jeffrey Skilling is expected to face more tough questions Tuesday when he appears before a Senate committee investigating the collapse of the U.S. energy trading giant.

The Senate Commerce Committee is likely to press Mr. Skilling for details on how much he knew about partnerships the company used to avoid listing large amounts of debt on its books.

In testimony before a House of Representatives panel examining dealings that led to Enron's bankruptcy Mr. Skilling said he had only limited knowledge of such partnerships and the company's financial problems. Some lawmakers have expressed skepticism about his responses.

Enron vice-president Sharon Watkins and the firm's current president Jeffrey McMahon are also to appear at today's hearing. Ms. Watkins warned former Enron chief Kenneth Lay of potentially serious accounting problems last August -- before the company collapsed.

Enron is the largest company to declare bankruptcy in U.S. history. Many employees saw their life savings evaporate as company stock plunged. Thousands also lost their jobs.

Some information for this report provided by AP.

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