Telegraph 14 June 09: Icelandic police investigate FL Group

... The company's collapse in October with debts exceeding £1bn was the first domino to fall in the Icelandic banking crisis, which left thousands of councils, charities and savers unable to access their savings accounts.
FL Group's failure was followed by the collapse of three banks Glitnir, in which it owned a 32pc stake, Kaupthing and Landsbanki. ...

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