A JURY IN THE UNITED STATES HAS FOUND ACCOUNTANCY FIRM ARTHUR ANDERSEN...

World | June 17, 2002, Monday // 00:00

A jury in the United States has found accountancy firm Arthur Andersen guilty of obstructing justice by shredding documents relating to the failed energy giant Enron. The verdict could be the death knell for the 89-year old company, once one of the world's top five accountants. Andersen has already lost much of its business, and two-thirds of its once 28,000 strong US workforce. Following the conviction, multi-million dollar lawsuits brought by Enron investors and shareholders demanding compensation are likely to follow, and could bankrupt the firm.

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