Enron founder to be indicted today

Kenneth Lay, the founder and former chairman and CEO of US energy giant Enron who says he committed no crimes at the scandal-ridden company, has been indicted on criminal charges.

The highly-anticipated action came yesterday, two and a half years into a methodical investigation that has produced charges against some of Lay’s once most highly trusted lieutenants, including his hand-picked protégé, former CEO Jeffrey Skilling.