Political Scandal of Enron Bankruptcy

January 22, 2002 - 0:0
A State judge from Texas in the U.S. issued a verdict on Friday ordering a halt to the destruction of Enron documents, after an auditing company, Artor Anderson, began shredding the records of the world's largest energy firm that recently experienced the most expensive bankruptcy in history.

Since the company's insolvency, its political significance has been brought to the forefront as the importance of politicians' role in the collapse, and Enron's financial contributions to them, have overshadowed its economic gravity.

Political analysts predict that a huge financial scandal will surface implicating high-ranking U.S. officials, both Democrats and Republicans, including President Bush.

One independent investigation has revealed that since 1989, the company provided $6 million to the election campaigns of U.S. politicians, including 71 out of the country's 100 senators and 188 out of 435 congressional representatives.

Some of the members of investigative committee have also received financial support from the company in the past, which is of great concern to the U.S. people, who rightly fear that an improper and impartial investigation would not reveal the truth.

Even John Ashcroft, the U.S. Attorney General, who is responsible for examining the underlying reasons for the bankruptcy, received money from the company during his senate election campaign in 2000.

In any case, is it is quite clear that money has, as usual, penetrated and influenced political developments in the U.S., more specifically election- related matters. In order to gain power, the U.S. politicians court capitalists and -- once financing and votes are guaranteed -- the businessmen look for a return on their investment.

Enron and the present U.S. politicians are by no means an exception to this rule.