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Non-Tech : The ENRON Scandal

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To: Mephisto who started this subject	9/20/2002 7:22:54 AM
From: Mephisto	of 5185

House Panel Secures Help in Britain for Inquiry The New York Times September 19, 2002 By SIMON ROMERO Following is an excerpt from Mr. Romero's article "The House Energy and Commerce Committee said yesterday that it was widening its investigation of business practices at Global Crossing and Qwest Communications after securing the cooperation of two British telecommunications companies. Flag Telecom and Cable and Wireless have agreed to provide the committee with testimony and documents related to their dealings with Qwest and Global Crossing, Ken Johnson, a committee spokesman, said yesterday. Both companies are thought to have swapped capacity on fiber optic networks with their American counterparts to convince investors that their finances were healthy, a practice that preceded the current crisis in the telecommunications industry. The committee has scheduled one hearing for Tuesday and plans to schedule another for October." nytimes.com Copyright 2002 The New York Times

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