Posted 17/12/2009 - 11:06 by Tricky Dicky

To All
Following the submission of the EDM, raised by the DST with external help from a lobbying company, over the last 5 or 6 weeks, it would be appreciated if those that can, donate to the general fund so that the DST work can continue. There are other avenues presently being explored with this company which will need your financial backing.
It should also be noted that we continue to liaise with members of the media to ensure that your predicament is maintained in the press

Link for donations is : http://www.ksfiomdag.com/index.php?option=com_content&view=article&id=14...

Thanking you in advance

Tricky Dicky

Update : please note that the article in International Advisor (http://www.international-adviser.com/lwm/article/1006) has been amended with DST input to reflect our the actual intentions for the EDM. The main section of amendment is copied below for your information:

A spokesman for the Kaupthing Singer & Friedlander Isle of Man Depositors Action Group said: "Not all depositors who have claimed DCS payments have been paid. Even though [their] claims were made in June 2009, some are still trying to contact KPMG [the compensation scheme administrators] to find out what the hold-up is."

The spokesman added: "The latest predictions on recovery estimate that anyone with over £50,000 [on deposit in KSF(IoM)] or a bond will be waiting until 2017 for the final dividend, and still won't be recompensed in full. The funds of innocent depositors will have been exposed to eight years of depreciation and professional fees by then."

The Depositors Action Group did not hold the FSA responsible for KSF(IoM)'s failure, he continued, "but we need the UK government to note that the decision by the FSA to remove KS&F's UK deposit-taking licence led to the ultimate collapse of Kaupthing Singer & Friedlander (Isle of Man)."

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