The former Chairman and Chief Executive of the collapsed US energy giant, Enron, could be forced to go before a series of Congressional inquiry panels following his refusal to testify. The Senate Commerce Committee will vote later today on whether or not to subpoena Kenneth Lay.
Mr Lay distanced himself from Enron by resigning from its board of directors yesterday. The collapse of the company cost pension funds, investors, and banks, millions of dollars.
A Congressional Committee tried to serve a subpoena on Mr Lay earlier in the day, but could not locate him. Mr Lay is a personal friend of the US President, George W Bush, and Enron was particularly generous to his election campaign.
