Saturday, May 23, 2009

Police investigates companys in Iceland

Police made searches at 12 locations in Reykjavik last week.
The special procecutor is investigating the Banking crisis last winter.
Raids where aimed at mr. Olafur Olafsson ,known better as Olafur at Samskip.
The investigation is looking into market manipulation by Olafur and Sheik Mohamed Bin Khalifa Al-Thani .
Kaupthing Bank granted a loand the was written against his company which is located in the British Virgin Islands.
The loan was secured by the shares themselves and involved no personal risk to Olafur .
Olafur was the second largest shareholder of Kaupthing Bank

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