Enron Posts Guards to Stop Shredding of Documents

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Last updated at: (Beijing Time) Wednesday, January 23, 2002

Enron Posts Guards to Stop Shredding of Documents

Enron security guards were stationed on the 19th and 20th floors of the company's building here Tuesday to prevent further shredding of documents, company lawyers said during a federal court hearing.

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Enron security guards were stationed on the 19th and 20th floors of the company's building here Tuesday to prevent further shredding of documents, company lawyers said during a federal court hearing.

Former executive Maureen Castaneda said Monday employees were shredding documents as late as January 14, in spite of the company's December bankruptcy filing that costs thousands of investors and employees their life savings.

In the wake of the reports of continued shredding, Enron lawyers said the company allowed FBI agents in the building to interview employees and that guards had been posted round the clock to prevent more document destruction.

Some 40 attorneys representing investors asked a judge to place federal marshals or an outside firm's security guards in the Enron building to prevent shredding.

The lawyers also asked the judge to take possession of all documents relevant to the investigation into the collapse of the energy giant -- including boxes of shredded papers they said company executives ordered destroyed.

It was also revealed in court that shredded documents were found in a wastebasket, which was turned over to authorities. It is not clear who conducted the search in which the papers were discovered.

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