Enron founder Kenneth Lay, who was convicted of helping perpetuate one of the most sprawling business frauds in US history, died yesterday in Aspen, Colorado.

ENRON founder Kenneth Lay, who was convicted of helping perpetuate one of the most sprawling business frauds in US history, has died aged 64.

Pressure was today growing on US President George W Bush as he faces his first political scandal following the biggest corporate bankruptcy in history.