Police arrest 9 for fraud over collapse of Icelandic bank

LONDON (AP) – Police have arrested nine people, including two of Britain's wealthiest entrepreneurs, on suspicion of fraud in connection with the 2008 collapse of Iceland's Kaupthing bank during the global financial crisis.

Britain's Serious Fraud Office said seven men aged between 42 and 54 were held in raids on two businesses and eight homes in London. The properties were being searched and the suspects questioned at police stations in the city. Two men, aged 42 and 43, were arrested in the Icelandic capital, Reykjavik.

Entrepreneurs Robert and Vincent Tchenguiz confirmed they were among those arrested in London and said they were "cooperating fully" with authorities.

A police van was parked outside the office of the brothers' investment firm, Rotch Property, in the upmarket Mayfair area. ..............(more)

The complete piece is at: http://news.yahoo.com/s/ap/20110309/ap_on_bi_ge/eu_britain_iceland_financial_crisis

:mad:

:puke:

:puke: What a sick joke.