BGN Entrepreneur

The Icelandic Government needs UK’s help in trawling through the wreckage of Kaupthing, Glitnir and Landsbanki, which has crashed in autumn 2008 and had to be nationalized. According to some estimates, two-thirds of the business loans made by these banks were to UK borrowers.
It is expected that a decision will be made within weeks on whether to launch a full-blown inquiry into UK aspects of alleged wrongdoing inside Iceland’s failed banking system. Besides, UK may lend a top fraud investigator to the authorities of Icelandic to assist with pinning down evidence of widespread financial crime.

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