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Home > Business > Business Headline > Report


Enron's Skilling gets 24 years in jail for fraud

October 24, 2006 03:17 IST

Former Enron chief executive Jeffrey Skilling was on Monday sentenced to more than 24 years in jail for massive fraud and conspiracy in one of the biggest scandals in US corporate history.

"Crimes of this magnitude deserve severe punishment," Judge Sim Lake said when handing down the sentence.

Skilling, 52, who had faced a maximum of 185 years in jail, told the court he planned to appeal his conviction stemming from the 2001 collapse of the Houston-based energy giant under shady deals.

"I am innocent of these charges," Skilling told the court.

Skilling's co-defendant in the fraud case, Enron founder Kenneth Lay, died of heart failure in July.





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Number of User Comments: 3




Sub: Enron's Skilling gets 24 years in jail for fraud

Good!!! The law delivers there. Here in India the legal system eats into everything. Most of school-mates who were highly critical of America's gun culture ...


Posted by Raja M





Sub: 24 years in jail???

Poor guy, learnt corruption from Indian politicians, and now he is in Jail while our politicians are our leaders today calling shots.


Posted by Ashok Chavda





Sub: Enron's Skilling gets 24 years

Such punishment should have been handed down to Bopal Gas criminals as a minimum. Amend unamendably the useless law. Like Bhopal tragedy there are umpteen ...


Posted by C.R.CHANDRASEKARAN




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