Enron defence takes the field

29 March 2006 By Dan Ackman

The case against Jeff Skilling and Ken Lay was better and simpler than the government could have possibly hoped for. However innovative their it was a mistake, not a crime defence may now appear, it s truly a long shot.

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Federal prosecutors rested their fraud case Tuesday against former Enron bosses Kenneth Lay and Jeffrey Skilling.

The defence is preparing to mount a detailed argument that no crimes occurred at the defunct energy trader despite its quick collapse into bankruptcy in 2001.

Meanwhile the government dropped a few counts against each defendant, which the government says was part of an effort to streamline the trial. Defence lawyers call the dropped counts a sign of weakness.

Attorneys for Lay and Skilling will begin their case when the trial resumes on Monday. Both men are expected to take the stand in their defence.

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