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Confusion over how KSF assets were seized

by isleofman.com 17th March 2009
Chief Minister Tony Brown has told Tynwald there remains a degree of confusion over what powers were used by the UK government to seize the ?550 million of Kaupthing Singer and Friedlander Isle of Man funds.

Speaking in response to a question from Onchan member Peter Karran, he admitted the situation was far from ideal but currently they had their hands tied.
Posted by isleofman.com
Tuesday 17th, March 2009 03:19pm.

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