Partner Channels: Auctions | Health | Home & Decor | IT Education | Jobs | Matrimonial | Travel
January 29, 2002 | 0952 IST
|
|
|
|
|
|
||
|
Channels: Astrology | Broadband | Contests | E-cards | Money | Movies | Romance | Search | Women Partner Channels: Auctions | Health | Home & Decor | IT Education | Jobs | Matrimonial | Travel |
||
|
|
||
|
Home >
Money > Business Headlines > Report January 29, 2002 | 0952 IST |
Feedback
|
|
|
Andersen chief acknowledges 'serious errors' in Enron caseArthur Andersen, one of the top five accounting firms in the world, on Monday admitted that destroying documents relating to Enron Corporation was not in good faith and promised to take action against those responsible.In a statement issued on Monday, Andersen chief executive officer Joseph Berardino pleaded that the 85,000 'honest, hard-working people of Andersen' not be blamed for these 'mistakes'. "People in our firm made serious errors in judgment in destroying documents," the statement said. "What was done was not in keeping with the values and heritage of this firm. It was wrong. There's no other word for it." "We are going to hold people accountable and we will make it clear that this behaviour will not be tolerated," the statement said. According to information provided to a committee investigating the Enron affair, Arthur Andersen employees were paid overtime to shred documents related to the failed energy giant. The firm has reiterated its pledge to cooperate with investigations. |
ADVERTISEMENT |
||||
