18 May2009
Financial Investigation Firm appointed
Glitnir hf. has appointed the London office of Kroll to assist the Committee in investigating potential irregularities in transactions undertaken prior to the bank's collapse. The goal of the investigation is to pursue and recover any assets from those who may have benefited from, or were responsible for, such irregularities. Kroll is a global independent forensic investigation firm and a leader in its field.
The team appointed to this case has a proven track record in investigating alleged wrongdoings prior to corporate collapses as well as conducting large scale, asset recovery actions. This appointment reflects the Resolution Committee's determination to identify any deliberate wrongdoing and maximise recoveries for the benefit of the creditors.