The Serious Fraud Office is poised to announce an investigation into collapsed Icelandic banks that operated in the UK. A probe, which will examine Kaupthing, Glitnir and Landsbanki, could be announced within days. Sources at the SFO said investigators were particularly interested in loans made to a number of "high-profile individuals".

Allegations of fraud, embezzlement and market manipulation have been under investigation in Iceland since February. But the SFO has separately been gathering intelligence on the Icelandic banking sector and its UK operations.  13-Dec-09.

http://www.guardian.co.uk/business/2009/dec/13/sfo-probe-icelandic-banks