Alternative currency and balanced living system. Alternativna valuta i uravnoteženi životni sistem. Moneta alternativa e sistema di vita equilibrato.

Linija

Search

Home Alternative News News Reykjavik: Icelandic Police Raided Offices Of KPMG And PWC

Crom Alternative News

Investigative journalism and useful articles on various topics.
administrator

Police have raided the offices of KPMG and PricewaterhouseCoopers (PwC) in Reykjavik, seizing documents and computer data as part of an investigation into alleged criminal activity at three collapsed Icelandic banks.

 

01 October 2009, Daily Telegraph



The targets of the raids were the firms' banking clients Kaupthing, Glitnir and Landsbanki, but the move is nevertheless likely to cause embarrassment for the two companies, both among the "big four" accountancy names in the world.

The Reykjavik branches of KPMG and PwC are owned by its partners, common with most accountancy practices, but are also part of the multinational network of firms.

The office of Olafur Thor Hauksson, the Icelandic investigator charged with examining the collapse of
the three banks a year ago, confirmed that 22 policemen and six foreign accountants took part in the searches yesterday.

"The purpose of the searches was to look for and secure evidence related to the investigation of several charges which have been investigated by the office," a statement said.

Among the matters being investigated are "violation of laws on accounting and annual reports, violation of laws on financial institutions and securities transactions and violations of laws on public limited companies".

PwC Iceland could not be reached for comment.

Sigurdur Jonsson, the chief executive of KPMG Iceland, told The Daily Telegraph that the raids related to some of his clients and that none of his staff had been questioned. He refused to comment further on the investigation.

Mr Jonsson has already become embroiled in controversy after it emerged that KPMG Iceland had been responsible for investigating events leading up to the collapse of Glitnir, despite the fact that his son was chief executive of the bank's largest shareholder. KPMG later resigned from the case.

The UK Serious Fraud Office (SFO) agreed last month to send a team of investigators to Iceland to help "get to the bottom" of whether there were any criminal intentions in the country's collapsed banks, which had extensive links with London.

The Icelandic banks, which had large customer bases in the UK, failed last October, leaving 300,000 British savers unable to access their money and institutions nursing billions in losses. Following the crisis, the Treasury had to pay out £7.5bn to compensate UK savers, although £2.3bn of this will be repaid by Iceland over the next 15 years.

Allegations of fraud, embezzlement and market manipulation have been under investigation in Iceland since February. The SFO has separately been gathering intelligence on the Icelandic banking sector and its UK operations both involving investors and borrowers, which intensified after the leak of Kaupthing's loan book on to the internet last month.




.

Crom - Free Planet Money, A Choice In The Form Of Alternative Currency That Through Internet And Mobile Banking Is Available To Everyone, Anywhere In The World. Crom - Novac Slobodnog Planeta, Izbor U Obliku Alternativne Valute Koji Je Kroz Internet I Mobilno Bankarstvo Dostupan Svakome, Svugdje U Svijetu. Crom - Denaro Dell Pianeta Libero, Una Scelta In Forma Di Moneta Alternativa Che È Attraverso Internet E Mobile Banking A Disposizione Di Tutti, Ovunque Nel Mondo.Publish Your News

If you are a registered user, you can publish and syndicate your content to the web through this news service.

Crom payment system represents a monetary reform, different way to make the money supply equal to the available supply of goods and services, and a new method to finance the economy without usury. In practise, an ideal opportunity not only for global and local business, but also for movements and projects which promote sustainable natural living, food sovereignty and greater auto-sufficiency, production and consumption of renewable green energy, such as Transition Towns and ecovillages. Crom platni sustav predstavlja monetarnu reformu, drugačiji način da se ponuda novca izjednači s dostupom ponudom roba i usluga, te novu metodu za financiranje gospodarstva bez lihvarenja. U praksi, idealna prilika ne samo za globalne i lokalne tvrtke, već i za pokrete i projekte koji promiču održivo prirodno življenje, prehrambenu suverenost i veću samodostatnost, proizvodnju i potrošnju zelene energije, kao što su u Tranzicijski Gradovi i eko sela. Sistema di pagamento Crom rappresenta una riforma monetaria, modo diverso per livellare l'offerta di moneta con l'offerta di beni e servizi disponibili, e un nuovo metodo per finanziare l'economia senza usura. In pratica, l'occasione ideale non solo per le aziende globali e locali, ma anche per i movimenti e progetti che promuovono la vita naturale sostenibile, sovranità alimentare e una maggiore auto-sufficienza, produzione e consumo di energia verde rinnovabile, come le Città in Transizione e ecovillaggi.    News Categories

.

 Regardless of whether you are the owner of e-shop, small entrepreneurs, worker looking for a housing loan, farmer in financial difficulties or an ordinary consumer who needs to borrow money to buy a new television, Crom Alternative Currency System offers monetary sovereignty and the possibility of life with more democracy and less police, military and lawyers, less taxes and more tourist travels with vehicles that do not pollute the environment, less stress and more free time and going to the restaurant more often... Bez obzira na to jesi li vlasnik elektronske trgovine, mali poduzetnik, radnik u potrazi za stambenim kreditom, farmer u financijskim problemima ili obični potrošač koji treba posuditi novac za kupnju nove televizije, Sustav Alternativne Valute Crom nudi monetarnu suverenost i pruža mogućnost života s više demokracije i manje policije, vojske i advokata, manje poreza i više turističkih putovanja vozilima koja ne zagađuju okoliš, manje stresa i više slobodnog vremena i odlaska u restorane... Non importa se sei il proprietario di un negozio online, piccolo imprenditore, lavoratore in cerca di mutuo per l'acquisto della prima casa, l'agricoltore in difficoltà finanziarie o consumatore che ha bisogno di un prestito di denaro per comprare una televisione nuova, Sistema Di Moneta Alternativa Crom offre la sovranità monetaria e una possibilità di vita con più democrazia e meno polizia, militari e avvocati, meno tasse e più viaggi turistici con veicoli che non inquinano l'ambiente, meno stress e più tempo libero e uscite al ristorante...    Login

What happens next if the state can go bankrupt?
 

 Tired of financial crisis, public and private debt, high interest rates, increasing inflation, declining purchasing power and excuses? It's a time for a change... something new and completely different... independent monetary and financial system, marketplace and social network - all in one... Umoran od financijskih kriza, javnog i privatnog duga, visokih kamata, porasta inflacije, pada kupovne moći i političkih izvinjenja? Vrijeme je za promjene... nešto novo i sasvim drugačije... neovisni monetarno financijski sustav, tržnica i društvena mreža - sve u jednom... Stanco delle crisi finanziarie, debito pubblico e privato, alti tassi di interesse, inflazione crescente, declino del potere di acquisto e scuse politiche? È ora di cambiare... qualcosa di nuovo e completamente diverso... sistema monetario e finanziario indipendente, mercato e rete sociale - tutto in uno...     Who Is Online?

We have 4146 guests online

Line

nezavisne vijesti, notizie indipendenti, independent news, informations, informacije, informazioni, kredit, loan, prestito, seigniorage, mutuo, signoraggio Latest Forum Posts