Former Enron chief begins jail term

Jeffrey Skilling starts his 24-year sentence as appeals court denies bail request.

    Skilling was given the longest sentence of all the former Enron executives

    According to the Federal Bureau of Prisons website, Skilling was headed to a federal prison in Minnesota on Tuesday.

    In May 53-year-old Skilling was found guilty on 19 charges of conspiracy, fraud and insider-trading for his role in hiding Enron's financial condition from investors while the energy company struggled before it collapsed in 2001.

    Skilling's sentence is the longest handed out to any of the former Enron executives found guilty.

    Kenneth Lay, who founded the company, also was convicted of conspiracy, fraud and insider trading charges, but he died of heart disease on July 5.

    The low-security prison in Waseca, Minnesota, is 121km south of Minneapolis, the state capital.

    SOURCE: Agencies


    YOU MIGHT ALSO LIKE

    Learn what India's parties' symbols mean by drawing them

    Learn what India's parties' symbols mean by drawing them

    More than 2,300 political parties have registered for the largest electoral exercise in the world.

    Visualising every Saudi coalition air raid on Yemen

    Visualising every Saudi coalition air raid on Yemen

    Since March 2015, Saudi Arabia and a coalition of Arab states have launched more than 19,278 air raids across Yemen.

    Why did Bush go to war in Iraq?

    Why did Bush go to war in Iraq?

    No, it wasn't because of WMDs, democracy or Iraqi oil. The real reason is much more sinister than that.