UK's SFO drops investigation into Iceland's Kaupthing

LONDON Mon Oct 15, 2012 10:46am EDT

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LONDON Oct 15 (Reuters) - Britain's Serious Fraud Office has dropped its investigation into the collapse of Icelandic bank Kaupthing, saying there was insufficient evidence to continue.

The SFO opened the investigation in December 2009 into suspected fraud at Kaupthing in the UK before the bank's collapse in October 2008. (Reporting by Tommy Wilkes; Editing by David Cowell)