Former Executive Testifies, Offering Insider's Look at Enron's Deal Making
Former Enron executive Michael Kopper testifies against four former Merrill Lynch & Co executives and two former Enron executives charged with conspiring with former Enron chief financial officer Andrew S Fastow to rig bogus deal in Dec 1999 that made it appear Merrill bought interest in some Nigerian barges owned by Enron to let Enron report some $12 million in profit; offers glimpse through eyes of participant of deals Fastow orchestrated; says Fastow told colleagues of oral agreement to take Merrill out of investment within six months; alleged accord between Fastow and defendant Daniel Bayly, former head of investment banking at Merrill, is at heart of case; Kopper says Fastow arranged for LJM2, investment fund Fastow managed, to buy investment at profit for Merrill and said unnamed Enron executives would buy out LJM2's interest in barges if buyer could not be found by early 2001; photo (M)