Landsbanki Guernsey Depositors

8 October 2008: Alastair Darling MP states in BBC interview that Icelandic Authorities have reneged on their obligations to pay depositors compensation; subsequent tape records dispute this assertion. UK Treasury Dept Freezes £4 Billion of Icelandic assets to protect UK savers under Anti terrorism legislation. Treasury passes 182,000 UK retail savers accounts in Kaupthing and Heritable Banks with deposits of £3 Billion to Holland’s ING bank.

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