Enron's shares suspended
Shares in Enron, the embattled US energy company, have been suspended from trading on the New York Stock Exchange.
The company’s collapse, believed to be the biggest in US corporate history, has left behind debts of around $15bn.
It is currently under criminal investigations by the US department of Justice, and is facing an inquiry from chief US financial watchdog, the Securities and Exchange Commission.
Trading stopped when the shares had reached 67 cents today. They were once worth over $80.
In a further twist to the already complex tale, Andersen has admitted to the SEC, the US Department of Justice, congressional committees and other agencies investigating the Enron collapse that it has disposed of ‘a significant but undetermined number of Enron-related documents’.
Andersen, the group’s auditors, are also facing investigation.
