Dem-Enron scandal widens:
...As congressional committees dig for evidence to tie Enron and Mr. Lay to the Bush administration, evidence of Mr. Lay's links to the Clinton administration are ample and well-documented....
...In May 1996, Mr. Clinton lauded Mr. Lay as a good "corporate citizen" at a White House event because of Enron's enlightened personnel policies, including profit-sharing of Enron stock and generous health and pension benefits. Enron employees now are suing because those benefits are as worthless as the bankrupt company's stock.
During the Clinton years, Enron contributed more than $1 million to the Democratic Party, including $600,000 to the Democatic National Committee, according to Federal Election Commission records. Mr. Clinton and Vice President Al Gore received contributions of $11,000 and $13,750, respectively, for their presidential campaigns.
One $100,000 contribution to the DNC was provided before India gave final approval to Enron's Dabhol project in June 1996. The largest and most expensive capital project ever undertaken in India, Dabhol was of dubious economic value and never went on line.
The World Bank, on reviewing the project, said it was not economically viable and inordinately benefited Enron, which was a 65 percent owner. Enron still owes $203 million on an Export-Import Bank loan for the project, which the bank says is covered by guarantees provided by five Indian banks.....
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