BusinessCompany NewsLay blames Fastow for Enron disaster

Lay blames Fastow for Enron disaster

Kenneth Lay, the former chief executive of disgraced energy firm Enron, has blamed its collapse on jailed former chief financial officer Andrew Fastow.

Link: Enron looks to emerge from the ashes

Finally breaking his silence on the matter, Lay said he was one of the 98% good and honest employees at the energy giant, the BBC Online reported.

Prosecutors are still trying to build a case against Lay, two years after the energy giant collapsed. No decision has yet been taken on whether or not to prosecute him.

Fastow is currently serving a 10 year sentence for devising complex partnerships which hid the true state of affairs from investors.

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