The office of Iceland’s Special Prosecutor into the banking crisis will receive and extra ISK 470 million (USD 3.5 million) this year and ISK 960 million investment next year and the year after. Read the full story

Ingolfur Helgason, the former Director of Kaupthing Iceland, and Steingrimur Karason, former CEO of the bank’s risk management department, were both arrested today upon arriving back in Iceland. They went straight to interrogation with the Special Prosecutor and are being held in police cells. Read the full story

The investigative committee of Iceland’s Althingi parliament has sent many cases on to the state prosecutor. Many of those are already under investigation. These include allegations that the banks’ annual reports were deliberately distorted, loans to connected parties were abnormal and that stock market investment funds were operating outside the law. There is also reason to believe that bank staff are guilty of market manipulation. Read the full story

Olafur Thor Hauksson, Iceland’s Special Prosecutor looking into the banking crisis, believes his team will complete its first investigations before the end of the month. Read the full story

One of the biggest operations of the Icelandic special prosecutor into the banking collapse took place this week in Luxembourg. Read the full story