Enron’s Lay Is Reported to Be Prosecution Target
From Times Wire Reports
Kenneth Lay, Enron Corp.’s founder and former chairman, could be indicted on charges stemming from its 2001 collapse by the end of June.
Sources close to the case told Associated Press that federal prosecutors were aggressively pursuing Lay, and witnesses with information about him had recently testified before a special grand jury.
Barring delays, federal prosecutors aim to ask the grand jury for an indictment before July 4, the sources said. The Houston Chronicle first reported the possible indictment, citing lawyers close to the case.
