Not only Enron but also a dozen investment banks and law firms have now been accused of committing fraud and of defrauding investors. The complaint has been lodged by thousand of stockholders, who lost an amount of $25bn, and by formal employees who have lost their pension funds. One of the reasons for the inclusion of new defendants is that Andersen isn’t capable of paying the demanded compensation and they now want to receive the compensation from the corrupt banks. The accused banks denied the fact that they have anything to do with the fraud or they weren’t reachable for comment.
Bram De Cocker
Source:
http://news.bbc.co.uk/2/hi/business/1917627.stm
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