AUDITING FIRM ARTHUR ANDERSEN INSTRUCTED ITS EMPLOYEES IN A MEMO TO DE...

World | January 14, 2002, Monday // 00:00

Auditing firm Arthur Andersen instructed its employees in a memo to destroy most of their material relating to Enron just days before the energy trading company went bankrupt, according to a report in the latest edition of Time magazine. Enron markets electricity and natural gas, delivers energy and other physical commodities, and provides financial and risk management services to customers around the world. Lawyers for Enron Corp. confirmed Friday that UBS AG has won the bidding war for the energy firm's wholesale operations.

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