Ex-Enron chairman charged with fraud

KENNETH LAY, former chairman and chief executive of Enron, turned himself in to the FBI in Texas today to face criminal charges involving the scandal-ridden energy company.

Lay, the founder of the company, was indicted yesterday after a two-and-a half-year federal investigation that has produced charges against some of his once most highly-trusted lieutenants, including his hand-picked protégé, former chief executive Jeffrey Skilling.

Lay, accompanied by a pastor, emerged from a car driven by his wife, Linda, and walked into Houston’s FBI headquarters at dawn.