Intelligence finds and plight of UK savers prompt prosecutor to investigate possible criminal activity in failure of Kaupthing.

The Serious Fraud Office is preparing to launch a formal investigation into Kaupthing, the failed Icelandic bank, amid suspicions that it may have been involved in criminal activity.

According to sources, the SFO is expected to announce this week that following four months of intelligence gathering it is to launch an official inquiry. The prosecutor is expected to appoint one of its most experienced investigators to take charge.  12-Dec-09.

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/6796964/SFO-to-probe-collapse-of--Icelandic-bank.html