A Day That Shook The World: Collapse of Enron

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Indy Lifestyle Online

On 23 October 2006, the former chief executive of American energy giant Enron was jailed for massive fraud.

Jeffrey Skilling was sentenced to 24 years behind bars for a series of major financial improprieties which had led to the collapse of the Enron - the seventh largest firm in America at the time. His crimes - committed with co-chair Kenneth Lay, who died before the trial finished - ruined the lives of thousands of employees and shareholders.

Observers hoped that this trial would usher in an era of new corporate responsibility. Whether it has is still up for debate.

Watch original British Pathe footage from the collapse of Enron and the trial of its CEOs, above.