Tchenguizes arrested in Kaupthing probe
By Brooke Masters in London and Daniel Thomas in Cannes
Published: March 9 2011 10:09 | Last updated: March 9 2011 21:22
|Vincent (left) and Robert Tchenguiz|
Robert and Vincent Tchenguiz, the high-flying UK property entrepreneurs, and seven other people were arrested as the Serious Fraud Office extended its probe into the 2008 collapse of Kaupthing, the Icelandic bank.
More than 130 investigators and City of London police officers on Wednesday staged dawn raids on eight homes and two London businesses, including the Mayfair offices of Rotch Property, the investment vehicle that controls the brothers’ property portfolio. In a co-ordinated action, Icelandic police also arrested two men and searched two properties. No charges have been filed.
FT.com / Companies / Property - Tchenguizes arrested in Kaupthing probe