Posted January. 16, 2002 09:42,
White House officials are voluntarily declaring government ministers` involvement with Enron in order to prevent the scandal from implicating President George W. Bush while Mr. Bush continues to insist non-involvement.
The American press, however, has not stopped eyeing the White House with suspicion. In connection to this, the weekly journal Business Week posted eight questions directed to Mr. Bush on its website on the 14th, taking the position that the only way for Mr. Bush to escape the shadow of the scandal is to clarify the situation himself.
Meanwhile, it has been found that serious concern about falsified accounts and insolvency formally began to occupy the inner circle of the company four months before Enron actually declared bankruptcy. This demonstrates that the management in Enron deliberately covered up the falsification of the accounts and deceived company employees, and drove the company to bankruptcy.
Billy Tauzin, Republican chairman of the House Commerce Committee of U.S. Congress, acquired a memorandum sent to Enron president Kenneth Lay by a company employee last August, four months before Enron`s bankruptcy.
According to the memo, the employee wrote, "Every regular employee already know that the company is hiding the truth under a `veil of secrecy`. We will become embroiled in a scandal over company accounts." However, President Lay deceived the employees with the statement "The company will revive again." and ultimately brought the company to ruin.