The offices of a firm of lawyers, Logos, and a house belonging to its chief executive, Hannes Smarason, have been raided by police looking into the sales and re-sales of Sterling Airlines, a Danish carrier that failed last year.
The company’s collapse in October with debts exceeding £1bn was the first domino to fall in the Icelandic banking crisis, which left thousands of councils, charities and savers unable to access their savings accounts.
Related posts:
- Telegraph: SFO intensifies Icelandic banking inquiry after Kaupthing leak
- Baugur boss Jón Ásgeir Jóhannesson holds office sale of the century
- Telegraph: Iceland: what ugly secrets are waiting to be exposed in the meltdown?
- Bauger UK disquiet dates back to 2007
- SPRON customers safe as bank buckles under Baugur & CB press release
June 15th, 2009 → 1:02 pm @ Dadi
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