Rediff Logo
Money
Line
Channels: Astrology | Broadband | Contests | E-cards | Money | Movies | Romance | Search | Women
Partner Channels: Auctions | Health | Home & Decor | IT Education | Jobs | Matrimonial | Travel
Line
Home > Money > Reuters > Report
January 10, 2002
1220 IST
Feedback  
  Money Matters

 -  'Investment
 -  Business Headlines
 -  Corporate Headlines
 -  Business Special
 -  Columns
 -  IPO Center
 -  Message Boards
 -  Mutual Funds
 -  Personal Finance
 -  Stocks
 -  Tutorials
 -  Search rediff

    
      



 Earn From
 Insurance


 Click Here to get
 minimum
 guaranteed 6%*
 returns on your
 premiums


  Call India
   Holiday Special
   Direct Service

 • Save upto 60% over
    AT&T, MCI
 • Rates 29.9¢/min
   Select Cities



   Prepaid Cards

 • Mumbai 19.9¢/min
 • Chennai 26¢/min
 • Other Cities



 India Abroad
Weekly Newspaper

  In-depth news

  Community Focus

  16 Page Magazine
For 4 free issues
Click here!

 
Reuters
 Search the Internet
         Tips
 Sites: Finance, Investment
E-Mail this report to a friend
Print this page Best Printed on  HP Laserjets

US Justice Dept opens criminal probe of Enron

The Justice Department has opened a criminal investigation of fallen energy giant Enron Corp, department officials said on Wednesday.

Officials would not say when exactly the investigation began but said it would be centered within the department's criminal division and that a task force was being established to handle the case.

Once the world's largest energy trading firm, the company went in a few short weeks from Wall Street star to making the largest bankruptcy filing in US history on December 2.

Its downfall threw thousands out of work and destroyed billions of dollars in investor equity, even as top Enron executives allegedly raked in fat profits by selling shares ahead of a dizzying drop in the company's stock price.

Enron is also the subject of congressional investigations, and probes by the Securities and Exchange Commission and the Labor Department.

ALSO READ:
The Enron Saga

Back to top
(c) Copyright 2000 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Tell us what you think of this report

ADVERTISEMENT