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Forum Post: Inquiry into Iceland's Kaupthing bank dropped.

Posted 6 years ago on Oct. 18, 2012, 12:52 a.m. EST by Builder (4202)
This content is user submitted and not an official statement

British investigators abandon inquiry into Iceland’s Kaupthing bank

Posted on17 October 2012. Tags: Kaupthing, Kaupthing Bank, Reykjavik bank, Serious Fraud Office

Fraud investigators in the UK have dropped a probe into the collapse of Reykjavik-based Kaupthing bank due to a lack of evidence.

Officials from the UK Serious Fraud Office (SFO) issued a statement on Monday (15 October), confirming that “The Director of the Serious Fraud Office has today discontinued the investigation into the circumstances surrounding the collapse of Icelandic bank Kaupthing hf on the grounds that there is insufficient evidence to justify its continuation. The SFO will continue its close cooperation with the Special Prosecutor’s Office in Reykjavik,” the AFP reports.

The SFO investigation was launched after British investors had to be compensated by the UK government following the Iceland banking disaster in 2008. In the days leading up to the collapse, huge sums of money were removed from Kaupthing, according to reports.

The end of the investigation means that associated charges against British property tycoon Robert Tchenguiz will also be dropped, whilst his brother Vincent Tchenguiz was told earlier in the year that he was no longer a suspect in the case. Both men had been arrested in connection with the incident, although both have continually denied any wrongdoing.

Read more: http://www.icenews.is/index.php/2012/10/17/british-investigators-abandon-inquiry-into-icelands-kaupthing-bank/#ixzz29XJw2OqX



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[-] 1 points by WSmith (2698) from Cornelius, OR 6 years ago

Did the Icelandics seize the money or did the Banksters grab and dash?

[+] -4 points by Builder (4202) 6 years ago

Brits (and others) willingly deposited their cash in "IceSave" to avoid fees.

The IMF wanted Icelanders to pay back the banksters debt after the 2008 collapse.

[-] 1 points by WSmith (2698) from Cornelius, OR 6 years ago

Yes, I know.

Where did the money in question go? Iceland?

[+] -4 points by Builder (4202) 6 years ago

It went with the banksters.

They were the ones either fleeing the country, or getting prosecuted.

Though there is the question of several billion being held to cover other losses.

It's more complicated than a cursory look can reveal.

[-] 1 points by WSmith (2698) from Cornelius, OR 6 years ago

I'll bet the money grubbing weasels grabbed what they could (1/4 - 1/2) before they fled and the banks were seized.

[+] -4 points by Builder (4202) 6 years ago

I believe Interpol has managed to track down a couple of them.

Just goes to show what can be achieved when the government is we the people, by the people, and for the people.

[quote] Returning to the tense situation in 2010, while the Icelanders were refusing to pay a debt incurred by financial sharks without consultation, the coalition government had launched an investigation to determine legal responsibilities for the fatal economic crisis and had already arrested several bankers and top executives closely linked to high risk operations.

Interpol, meanwhile, had issued an international arrest warrant against Sigurdur Einarsson, former president of one of the banks. This situation led scared bankers and executives to leave the country en masse.[end quote]


[-] 1 points by WSmith (2698) from Cornelius, OR 6 years ago

Yes, thanx to you I researched all that stuff. 80-90% Voter turnout and all.

How do we get Interpol after Jamie Dimon and that BP scumbag?

[-] -3 points by Builder (4202) 6 years ago

You have to get back control of your government first.

Wasn't there some Article Five being talked about here?

A people's vote of no confidence would be what I would be aiming for.

No confidence in congress is already established. If they were running a company, the shareholders (that's all you people in America) would have replaced them years ago.

Instead, you keep hoping that the next corporate-controlled election will answer your prayers. It's not gonna happen folks. They aren't Christians, no matter what they wear to church.

[-] 1 points by WSmith (2698) from Cornelius, OR 6 years ago

It's a mess. We let it happen, with a lot of Big$ help.

Right now, a "people's Vote" would be sooooooo easily manipulated by Big$, as it was in WI and always is in the South. They'd Vote Exon-Mobil for Congress.

We need enough sane people in Congress to get rid of CU and several other Voter manipulation laws and then we could do that. We take one step forward, and then ~ due to mass hypnosis, stupidity, code/trigger words, or laziness ~ we take two back.

The never-ending impossible nature of it, is part of the strategy against it. It's contrived. We will prevail.

[+] -4 points by Builder (4202) 6 years ago

Take a leaf out of the hippy handbook;

Think globally, act locally.

Those of you who are too "stupid, lazy, or lethargic" simply get left behind.

It's the way of the world. Move forward. The rest either catch up, or stay where they were. Not your problem.

[-] 1 points by WSmith (2698) from Cornelius, OR 6 years ago

Are you sure you're not "Blue" who used to call into the Mike Mallow show? In any case, you should listen to him and maybe call in, Alan Colmes, Randi Rhodes and Norman Goldman, too.

[+] -4 points by Builder (4202) 6 years ago

Personally, I like Lee Camp and George Carlin, as well as The Chaser crew. http://www.abc.net.au/tv/chaser/

The latest episode is a scream. http://www.abc.net.au/tv/chaser/#/latestepisode/chaser_09_03_08_guard/