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SFO urges Kaupthing whistleblowers to step forward

The Serious Fraud Office has asked people who have inside knowledge of Kaupthing to step forward, following the leak of the bank’s loan book on the Wikileaks website over the weekend.

The SFO says it is still deciding whether to launch an official investigation into Icelandic banks and the inquiry is still at the ‘research stage’.

The leaked document detailed huge sums allegedly lent to clients who were known to be major shareholders in the company.

A SFO spokesman says: “There are difficulties in terms of jurisdiction but two thirds of the loan book of the bank were loaned to people in the UK. It would be useful to get out our message that if people have information that they think is something we should know about they should contact us.”

The SFO says it has already received information relating to the operations of the bank.

“We have been looking at some of the transactions and this dovetailed with some of the information which was in the leaked document.

“That document was a snapshot of information and is by no means a complete picture so we’re still very much interested in hearing from people who have inside knowledge of the bank, its operations and/or people who were lent money and others involved,” says the spokesman.


T1ps ups number of funds

T1ps Investment Management, a subsidiary of media and financial services group Rivington Street Holdings, has launched its third fund.

FSA gap still wide open

New FSA authorisations of IFA firms fell by nearly 10 per cent to 74 in the second quarter of this year from 81 in Q1.The Maximas quarterly review of FSA authorisations and cancellations reveals authorisations of mortgage broker firms have remained stable at 23.Advisers and brokers have shown “consistently high auth- orisations” over Q1 and […]

Trouble ahead - thumbnail

Pensions: trouble ahead?

The pace of change in the pension’s space has been little short of astonishing, and has left thousands of employers struggling to keep their pension policy compliant, and also on the right side of current best practice and governance. Many employers, and indeed many in the pensions industry itself, would like to see a period of no change during the next term of government. This would give all sides a chance to catch up and draw breath. 


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