info.LandsbankiAction.org.gg   30-Mar-2016: Liquidators' Update, see Deloitte site

Landsbanki Guernsey depositors challenge island's chief minister

Landsbanki Guernsey depositors fighting for the return of their entire savings are now facing another battle - against the island's chief minister, who is accused of misleading the Guernsey States Assembly over the proportion of their funds depositors are likely to see returned.

Depositors are considering making a formal complaint to the States Members Conduct Panel against Chief Minister Lyndon Trott, who twice stated they could recoup in excess of 100 per cent of their savings - a remark referred to by administrators Deloitte as "speculation."

Deloitte have long estimated that the best depositors should hope for is a recovery of 81-90p in the pound over the next few years. A higher return is, in theory, possible if legal action in Iceland proves successful although Deloitte "remain cautious about the prospects of success."  09-Dec-10.

http://www.telegraph.co.uk/finance/personalfinance/offshorefinance/8189903/Landsbanki-Guernsey-depositors-challenge-islands-chief-minister.html