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To: Paul Engel who wrote (155197)	1/13/2002 5:05:56 PM
From: wanna_bmw	Read Replies (1) \| Respond to of 186894

Paul, Windsock, Others: Auditor told employees to destroy Enron documents On the subject of Andersen, it appears that employees were instructed to destroy vital documents just days before Enron went public about their financial troubles. Andersen could be facing an indictment! cnn.com (CNN) - Auditing firm Arthur Andersen instructed its employees in a memo to destroy most of their material relating to Enron just days before the energy trading company went bankrupt, according to a report in the latest edition of Time magazine. (TIME.com full story) As a result, thousands of e-mails and other electronic and paper files related to the largest bankruptcy in U.S. history no longer exist, the magazine reported. The report says supervisors at Arthur Andersen repeatedly reminded their employees of the memo prior to November 8, when the Securities and Exchange Commission issued subpoenas for documents as part of its investigation into Enron, Time reported. "If this memo is what it looks like, I'm afraid that the folks at Arthur Andersen could be on the other end of an indictment before this is over," Sen. Joseph Lieberman, D-Connecticut, said Sunday on CBS's "Face The Nation." Lieberman chairs a Senate committee investigating Enron. (Full story) Arthur Andersen has acknowledged that its employees destroyed Enron-related documents, but has not revealed the existence of a memo directing them to do so. Two Bush Cabinet officials Sunday defended their contacts with Enron's chairman and CEO, Kenneth Lay. Appearing on network news shows, Commerce Secretary Don Evans and Treasury Secretary Paul O'Neill both said they received phone calls from Lay last fall. Evans, appearing on NBC's "Meet The Press," said he did not offer any assistance to Lay or Enron. O'Neill, a guest on "Fox News Sunday," defended the government's decision not to intervene as Enron's stock price collapsed. Lieberman called O'Neill's comments "outrageous" and promised an aggressive investigation of Enron's collapse. Meanwhile, the ranking Democrat on the House Government Committee wants Lay to explain his actions leading up to the company's collapse. Rep. Henry Waxman of California is investigating Enron and has asked Lay to explain two e-mail messages sent last year to employees that predicted the company's stock would rise, even as the company slid towards bankruptcy. (Full story) wbmw