Enron to release tax records as Senate launches inquiry

Enron has agreed to release its tax returns since 1985, and those of its affiliates and partnerships.

The move came in a letter to a Senate Finance Committee which is investigating whether the company improperly avoided paying taxes.

Meanwhile, former Enron chairman Kenneth Lay sold $100m in Enron stock last year, according to reports.

Much of it after he was warned by company executive Sherron Watkins that the company might collapse in scandal.

Mr Lay had previously disclosed selling $29.9m in shares to the public from January through the end of July.

The new disclosures, detailed in report filed by Mr Lay to the Securities and Exchange Commission, showed he took in $70.1 million (£45m) from selling Enron stock back to the company from February through October.