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Government Suspends Andersen from New Federal Business WASHINGTON, March 19, 2002 Following the Justice Department's indictment of Arthur Andersen for its role in shredding Enron-related documents, the U.S. General Services Administration suspended the accounting firm from conducting new business with the federal government. The suspension is for the duration of the indictment. GSA also suspended David B. Duncan, Arthur Andersen's chief auditor for the Enron engagement. In addition, Enron Corp., related Enron corporate entities, and several former Enron officials that include former CFO Andrew Fastow and former President Kenneth Lay are suspended. The indictment slapped on Andersen Thursday led GSA to suspend Andersen. "Under federal law, an indictment for such a criminal offense is adequate evidence of misconduct to support suspension of a government contractor," GSA said in a statement. "To qualify as a responsible contractor, a company or individual must have a satisfactory record of integrity and business ethics and must possess the necessary organization, accounting and operational controls."
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