Kaupthing Sues Exista Board Member

  • mikepapa
  • 10/10/08 n/a (free)
  • a depositor
  • Offline
Posted: Mon, 09/02/2009 - 06:18

The old Kaupthing Bank has filed a lawsuit against British-Iranian entrepreneur Robert Tchenguiz through its resolution committee for an unpaid overdraft of GBP 643 million (USD 931 million, EUR 723 million).

[continues]

See Link:

< http://www.icelandreview.com/icelandreview/daily_news/?cat_id=40764&ew_0... >

Seems Kaupthing Iceland is keen to recover funds due to them!

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I wouldn't mind a bit of that

  • SgKZ
  • 10/10/08 31/05/09
  • a depositor
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  • Mon, 09/02/2009 - 16:12

Alright for some. I wonder what the rate of interest was?

It's a shame it wasn't a UK company as we could have got a Garnishee order (or something like that) against his debt and one would hope, hold it against the guarentee that KF should be honouring.