BBC News 15 Oct 12: SFO ends Kaupthing collapse investigation

The Serious Fraud Office has ended its investigation into the collapse of Icelandic bank Kaupthing, over which it has been heavily criticised.

Property tycoons the Tchenguiz brothers were arrested in 2011 - but in June the SFO dropped its investigation into Vincent Tchenguiz.

The ending of the inquiry into Kaupthing means it has also ended its investigation into Robert Tchenguiz.

The SFO has apologised to the brothers and admitted mishandling the case.

The SFO said that there was "insufficient evidence to justify" the continuation of the investigation any longer.

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Note: The SFO press release adds "The SFO will continue its close cooperation with the Special Prosecutor's Office in Reykjavik."

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