Latest News Headlines
On-Air Now
Listen Live
Facebook

UK Fraud Office makes arrests in connection with Kaupthing collapse

Wed, 09 Mar 2011


Nine people have been arrested in the UK and Iceland in connection with the collapse of the Kaupthing bank.

 

Savers lost millions in 2008 when Kaupthing, Singer and Friedlander Isle of Man collapsed as the UK arm went into administration.

 

The affair caused some damage to the Island's financial reputation.

 

The arrests were made by the UK's Serious Fraud Office.

 

Amongst those arrested were one of the bank's directors, who owed the company almost two billion Euros.

 

There've been allegations of market manipulation in the run up to the banking crisis.

 

 


Bookmark and Share

 

 

Subscribe to get Energy FM News direct to your mobile device

You can get Energy FM News delivered direct to your mobile device using one of the following methods.

  • In the Apple News App on iOS search for Energy FM IOM and then just add it to your favourites
  • In the Google News & Weather App just search for Energy FM and then add us as a customised section
  • If you use an RSS Reader then just add our feed to your app, click here for our news RSS feed