Ex-Accountant Testifies in Enron Trial; the Government Says Says the Energy Company Avoided a Procedure That Could Have Affected Enron's Credit Rating

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HOUSTON (AP) - Enron Corp. tried to dodge accounting rules by dropping a plan to sell assets in a failed water business, a former Arthur Andersen LLP accountant said on Monday.

John R. Sult, who oversaw the books on Enron's Azurix water venture for Andersen, told jurors the energy trading company could avoid a writedown of hundreds of millions of dollars by promoting, instead, a $1 billion growth strategy for the unit.

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Ex-Accountant Testifies in Enron Trial; the Government Says Says the Energy Company Avoided a Procedure That Could Have Affected Enron's Credit Rating

"By merely standing up and making the assertion that the strategy exists somehow makes the problem go away," he testified, explaini...

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