Icelandic authorities have stepped up their investigations into the collapse of Kaupthing, the failed bank, amid speculation that Sigurdur Einarsson, the former executive chairman, has been made an official suspect.

Mr Einarsson, who lives in Chelsea, West London, is under investigation over market manipulation in the weeks leading up to the bank’s collapse a year ago. . .

Reports suggest that Mr Einarsson would be the second bank chief to be classed formally as a criminal suspect since the start of the banking crisis in Iceland. Bylgjan, an independent Icelandic radio channel, said yesterday that Sigurjon Arnason, the chief executive of Landsbanki, had also been classed as a formal suspect.  12-Oct-09.

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