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We might end up seeing prosecutions in Iceland, the UK or both...

[Torygraph Alert] Iceland: what ugly secrets are waiting to be exposed in the meltdown? (15 August 2009)

It has now become clear that this was no ordinary crash. Iceland's special investigation into "suspicions of criminal activity" at the three banks is likely to stretch from Reykjavik to London, Luxembourg and the British Virgin Islands.   Related Articles

Eva Joly, the French-Norwegian MEP and fraud expert hired by Iceland and now working with the [UK's] Serious Fraud Office, now believes it will be "the largest investigation in history of an economic and banking bank collapse".

Many of the banks' secrets are likely to be inextricably bound up with corporate Britain and the success of these investigations in tracing and recovering assets is likely to affect every UK household.

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Aug 19th, 2009 at 09:12:42 AM EST

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