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This is an archive article published on July 3, 2004

Ex-Enron chief to be indicted

Former Enron Corp Chairman Ken Lay is expected to be indicted next week over his role in the scandal that rocked corporate America, sources ...

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Former Enron Corp Chairman Ken Lay is expected to be indicted next week over his role in the scandal that rocked corporate America, sources familiar with the matter said on Friday.

While a last-minute delay was still possible, federal authorities involved with the US Justice Department8217;s Enron Task Force expect a federal grand jury next week will return an indictment of Lay, sources said.

The sources would not discuss what charges might be brought against Lay.

Lay, 62, guided Enron for years, shaping the once-obscure pipeline company into the nation8217;s seventh-largest corporation and a world-leading energy trading concern.

 

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