Andersen Accused Of Shielding Funds

Andersen in the US is a limited liability partnership, although the firm's 1,700 partners are still liable for routine debts such as leases, which, the Enron creditors committee claims in a bankruptcy court filing, the firm has been paying down with gusto.

A spokesman for Andersen said that the motion had no merit and intends to defend itself in court.

The creditors are now claiming that Andersen is making payments which will be to their detriment as there will be less money available to them in the event the firm is declared bankrupt and assets are distributed. Andersen says that the claim is a nonsense as it has not filed for bankruptcy and has no plans to do so.