Offshore depositors up in arms

  • Emabroad
  • 10/10/08 30/08/09
  • a depositor
  • Offline
Posted: Sun, 26/10/2008 - 01:58

It has come to light that assets in Kaupthing Singer & Friedlander UK, seized by the FSA on orders from the Government, belong to British savers and NOT to the Icelandic Government as has been reported.
£550m of British savers' assets have been tied up in the administration of Kaupthing UK with evidence indicating that the Treasury intends to use these funds to cover Icelandic debts and NOT return them to savers. [Investors Chronicle 23-Oct-08 ]

Your rating: None

Comment viewing options
Select your preferred way to display the comments and click "Save settings" to activate your changes.

Offshore deposits

  • Relentless Posse
  • 14/10/08 31/05/09
  • unspecified
  • Offline
  • Sun, 26/10/2008 - 03:12

Stop Gordon Brown from using our deposits to compensate UK depositors - that is the objective of everyone now