View more on these topics

Three Luxembourg businesses searched in SFO Kaupthing investigation

The Luxembourg police have searched three business premises and two residential premises on the back of the Serious Fraud Office Kaupthing investigation.

The search warrants come after overseas assistance requests were made by the SFO and the Icelandic Special Prosecutor’s Office.

The operation relates to the SFO’s ongoing investigation into the circumstances surrounding the collapse of the Kaupthing Banking Group and related investigations by the Icelandic Special Prosecutor.

The operation has involved over 70 investigators from the SFO, Icelandic Special Prosecutor and Luxembourg Police.

Nine men were arrested in London and Reykjavik earlier this month in relation to the Serious Fraud Office’s ongoing investigation surrounding the collapse of the Kaupthing banking Group. High profile entrepreneurs Vincent and Robert Tchenguiz are among those who have been arrested as part of an investigation into the failed Icelandic investment bank.

Recommended

IFAs have just days to lock clients into GAD

IFAs face a race against time if they want to lock clients into the 120 per cent GAD income rates for the next five years, according to Suffolk Life. Treasury reforms ending compulsory annuitisation come into force in just six days time. Under the new rules, investors entering drawdown for the first time from April […]

1

Equitable earmarks 12.5% of policy values for capital distribution

Equitable Life has earmarked 12.5 per cent of policy values as at December 31, 2010 to increase payments for with-profits policyholders who leave the group from April 1, 2011. The enhancement, which is not yet guaranteed, was announced as the company delivered its preliminary 2010 results. The insurer currently holds £694m in capital. Equitable says […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Leave a comment