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Foreign governments Original Source Link: (May no longer be active)    http://story.news.yahoo.com/news?tmpl=story&u=/nm/20020805/ts_nm/energy_enron_dc_2 http://story.news.yahoo.com/news?tmpl=story&u=/nm/20020805/ts_nm/energy_enron_dc_2 Top Stories - Reuters Enron Investigators Eye Foreign Contracts Mon Aug 5, 7:45 AM ET NEW YORK (Reuters) - Federal prosecutors are investigating whether or not Enron Corp. bribed foreign government officials to win contracts abroad, the Wall Street Journal reported on Monday. The Justice Department ( news - web sites)'s Enron Task Force is examining the energy company's non-U.S. operations for possible criminal violations of the Foreign Corrupt Practices Act, the paper said citing government officials and lawyers close to the case. Enron was quoted in the Journal as denying ever paying bribes, and said that it had "a clear anticorruption policy prohibiting the payment, solicitation and receipt of bribes in any form." The inquiry centers on Enron's efforts to win foreign pipeline, power and water-privatization projects, as far back as the mid-1990s, the sources were cited as saying. In some countries, projects were awarded to Enron without competitive bidding, or assets were acquired at below-market values, according to the Journal, amid allegations by the World Bank ( news - web sites) and others of government favoritism. Claims of corruption in Enron power or water projects have arisen over the years in several countries, including Ghana, Colombia, Bolivia, Panama, Nigeria and the Dominican Republic, the paper said. Enron filed for bankruptcy last year after it collapsed amid accounting irregularities. The Journal also reported that while charges against former Enron executives were only a matter of time, they still could take weeks, or even months, given the complexities and scope of the activities underlying the Houston company's collapse.

Big mergers have long history of failure and troubles { January 15 2004 } Church groups launch corporate code conduct { May 21 2003 } Corruption abroad Doubt self policing wallstreet { May 8 2003 } Foreign governments Global economy power balance { January 31 2001 } Goldman settles insider trading { September 4 2003 } Multinational companies attempt coup in guinea Poll want regulation { July 1 2002 } Sec examines stock pricing by big bokers { November 8 2004 } Starbucks dropped from socially responsible list Supermarket chains destroy central american farmers { December 28 2004 } US accuses big tobacco of fraud racketeering { June 8 2005 } US protects multinationals { August 29 2002 } Western companies fuel corruption abroad Whitehouse weakens whistle blower protection { August 1 2002 } Files Listed: 16

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