Iceland Seeks Help From UK Fraud Office
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Britain’s Serious Fraud Office is to meet with Icelandic investigators in London next month as Reykjavik seeks international help to discover whether criminal wrongdoing played a role in bringing down Iceland’s banking sector, the Financial Times reported. The talks signal increasing co-operation between the UK and Iceland over the corruption probe, even as tensions flare between the two countries over a disputed deal to repay billions of pounds lost by British savers in Icelandic banks. Jóhanna Sigurdardóttir, Iceland’s prime minister, has appealed for “fairness and understanding” from the UK and the rest of the international community as her country tries to repay foreign debts while rebuilding its shattered economy. Read more. (Subscription required.)