The Serious Fraud Office has launched a criminal investigation into the failed Icelandic bank Kaupthing to determine if the collapse was the result of incompetence or some fraud.
Kaupthing collapsed in October 2008, leaving around 300,000 account-holders unable to access their hard-earned money.
The SFO will examine whether the bank misled people to encourage deposits. It will also probe why huge sums of money were withdrawn before its collapse.
- Lydia, First Great White Shark Known to Swim from One Side of Atlantic to Other
- Robots to Walk Streets within 10 Years
- Bitcoin investors call for protection after collapse of two major Bitcoin platforms
- South Yorkshire cottage has been crashed into by 40 cars over last 14 years
- Doctors to Reconstruct People's Faces with Stem Cells from their Fat