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Lay Agrees to Give Documents to SEC

November 08, 2003|From Associated Press

Former Enron Corp. Chairman Kenneth L. Lay agreed to turn over personal and corporate documents to the Securities and Exchange Commission, which is investigating the Houston energy company he headed.

Lay had resisted giving up the documents for more than a year, contending that surrendering them would violate his 5th Amendment right against self-incrimination.

Under the agreement, the SEC can use any leads derived from the documents for any law enforcement purpose, including any future civil action it might bring against Lay.

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