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To: Dealer who wrote (46142)1/10/2002 4:41:55 PM
From: Sully-  Read Replies (1) | Respond to of 65232
 
Destruction of Enron documents "extremely serious"-SEC

WASHINGTON, Jan 10 (Reuters) - The top cop at the U.S. Securities and Exchange Commission on Thursday called the destruction of Enron Corp. (NYSE:ENE - news) documents by accounting firm Andersen ``extremely serious'' and the SEC would not be deterred from its investigation.

``Destruction of documents is obviously an extremely serious matter. Documents are an essential ingredient in our investigations,'' Stephen Cutler, the SEC's director of enforcement, said in a statement read by an SEC spokesman.

``The destruction of documents by Arthur Andersen will not deter us from pursuit of our investigation and will be included within the scope of our investigation.''

Accounting giant Andersen has come under fire from investors and lawmakers for signing off on Enron's financial books. In the months before its recent bankruptcy filing, Enron had to restate earnings, and has become the subject of investigations by the SEC and the U.S. Justice Department.

biz.yahoo.com