KSF Committee to hear from Treasury Minister

Fri, 11 Mar 2011

The Treasury Minister will give evidence in the Tynwald investigation into the collapse of Kaupthing, Singer and Friedlander Isle of Man.

The Select Committee will hear from Anne Craine on Monday next week.

The bank collapsed in the wake of the Icelandic banking crisis in October 2008, which also saw the collapse of parent company Kaupthing.

Nine arrests were made this week following an investigation by the UK's Serious Fraud Office into the fall of Kaupthing.

Mrs Craine will give oral evidence in public in the Legislative Council Chamber at 10.30 on Monday morning.