Iceland steps up its inquiry into collapse of Kaupthing
Times: Icelandic authorities have stepped up their investigations into the collapse of Kaupthing, the failed bank, amid speculation that Sigurdur Einarsson, the former executive chairman, has been made an official suspect.
Mr Einarsson, who lives in Chelsea, West London, is under investigation over market manipulation in the weeks leading up to the bank’s collapse a year ago.
A team led by Olafur Hauksson, Iceland’s special prosecutor, known as “the special”, is investigating why a stock market statement by the bank, announcing that a member of the Qatari Royal Family had bought a stake in the bank, did not disclose that the investment had been funded by loans from Kaupthing itself via a series of complex financial structures.
