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Treasury Minister to give KSF evidence

Mon, 14 Mar 2011


The Treasury Minister will give evidence on the collapse of Kaupthing, Singer and Friedlander Isle of Man this morning.

 

Anne Craine will speak at the Select Committee of Tynwald into the collapse of the bank.

 

The bank collapsed in October 2008, in the wake of the Icelandic banking crisis, which saw parent company Kaupthing collapse.

 

Arrests were made last week following an invesitgation into the Kaupthing Bank by the UK's Serious Fraud Office.

 

Mrs Craine will present her evidence in the Legislative Council Chamber from 10.30.

 

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