The special prosecutor’s office in Iceland yesterday carried out house searches in co-operation with the UK’s Serious Fraud Office. There were eight house raids in Iceland and four in the UK relating to the dealings of Exista hf.
Exista is being investigated due to its sale of Bakkavor in autumn 2008 and its cancellation of personal guarantees on employee loans taken out to buy shares in Exista.
Exista itself released a statement saying that the Serious Fraud Office is investigating share transactions from when Exista owned part of the British high street chain JJB Sports.
Web site people,your news summaries are great.Just one thing: those not able to read Icelandic see,every day,a fascinating image but no way to know what’s up with it.For example,was that a baby polar bear in iceland??Could you start translating that top paragraph that goes with the top image??Jeannie from Minneapolis
Hi Jeannie,
Thank you for your kind comment. However your point about the translations I do not quite understand. As far as I know, just about everything on IceNews is written in English…?
Thanks for reading!
Alex, IceNews editor
@ jeannie hanson
If you want to read Icelandic web pages – use Google.
http://translate.google.com/
Not a perfect solution yet but works in most of the cases.
LOOK OUT FOR THE COMMANDO!!
Now they do the house raids? thats lame!!
Some things work too much with the mañana view
Can I get my money back from the government if they failed to monitor the company´s misconduct and misled trust from public listed shareholders ?
So many large UK companies that can get caught up in this!!
House raids sounds a bit extreme though
“So many large UK companies that can get caught up in this!!”
How exactly? Its no illegal to sell something to someone – its impossible (and not required… currently) to determine where they obtained their funds.
Amy wrote :
>Can I get my money back from the government if they failed to monitor the company´s misconduct and misled trust from public listed shareholders ?
If you think that there is case , you should talk to the Speciail Prosectutor’s office :
http://www.serstakursaksoknari.is/english/special-prosecutor/