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Archive for Tuesday, November 19, 2002

Wittig faces federal court hearing today

November 19, 2002

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— Suspended Westar Energy chief executive David Wittig faces a federal court hearing while a company document raised questions about the investigation leading to his indictment.

Wittig and Clinton Odell Weidner II, the former president of the Capital City Bank in Topeka, are accused of hiding the purpose for a $1.5 million loan from the bank to Wittig last year.

The two men are scheduled to appear before U.S. Magistrate James O'Hara at 10 a.m. today in U.S. District Court in Topeka. Their attorneys have said both men are innocent.

Wittig is on administrative leave without pay from his position as Westar's chairman, chief executive officer and president.

The allegations are not related to the company's operations. Westar is the state's largest electric company, providing power to 647,000 customers.

In a document filed in September with the federal Securities and Exchange Commission, Westar disclosed that it had received subpoenas from a federal grand jury. In its financial report for the third quarter of this year, Westar provided a few more details about the subpoenas.

The subjects of those subpoenas, as disclosed by the company, were not reflected in the indictment against Wittig and Weidner.

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