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UK intensifies Icelandic banking probe

The UK’s Serious Fraud Office is gathering extensive intelligence on the Icelandic banks in the aftermath of last autumn’s crash that left thousands of UK institutions nursing millions of pounds of losses, reports the Daily Telegraph. The agency has intensified its inquiries following the leak of Kaupthing’s loan book on to an internet site, Wikileaks.org, over the weekend, and is understood to be examining the document connected to the failed Icelandic bank, which had a large UK client base. It has also received information relating to the UK operations of the Icelandic banks, apparently from a number of whistleblowers ranging from employees to investors and depositors.

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