By Jon Bernstein, 11 February 2002 09:31
NEWS Bankrupt telecoms group, Global Crossing - already under investigation by the Securities and Exchange Commission (SEC) - faces further scrutiny after it emerged that it would be the subject of a Federal Bureau of Investigation (FBI) probe. Both Global Crossing and the FBI have refused to comment on the nature of the investigation. Earlier this month the company confirmed that the SEC had asked to see confidential documents. The request followed comments from the firm's former CFO, which raised questions about the role Global Crossing, and its auditors, Andersen, had played in keeping shareholders in touch with the financial health of the company. As in the Enron case, Global Crossing's accounting methods will be the subject of the investigation.
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