Enron chief faces 42 charges

Former Enron chief executive Jeffrey Skilling today faced charges accusing him of being involved in wideranging schemes to mislead US government regulators and investors about the company’s earnings.

Skilling, who resigned less than four months before the company collapsed in scandal in 2001, surrendered to the FBI in Houston today and was taken in handcuffs to the federal court to face criminal charges related to the company’s failure.