US Attorney in Houston mum on El Paso gas price-reporting probe
Houston (Platts)--11Aug2004
US Attorney Michael Shelby in Houston Wednesday declined to confirm a Houston Chronicle report than 10 former El Paso Corp natural gas traders and supervisors are the target of a grand jury probe into gas price manipulation and wire fraud for reporting false prices to index publishers, including Platts. The paper said the 10 were notified of their status in letters from Shelby's office. In a statement, Shelby said that "while many of our efforts to fully investigate allegations of corporate misconduct, particularly concerning the energy sector, are now matters of public record, federal law strictly prohibits the disclosure of matters occurring before a grand jury. Our compliance with these rules serves to preserve the rights of the innocent as well as those who may be subsequently charged. We will continue to follow the law so that we can effectively and ethically enforce the law."
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