RE Moguls Sue UK Fraud Office Over Icelandic Bank Sting

Law360, New York (December 3, 2012, 7:41 PM EST) -- Two U.K.-based real estate tycoons on Monday reportedly sued the U.K.'s Serious Fraud Office for more than £200m ($322 million) over their arrest stemming from the office's botched investigation into the collapse of Iceland's Kaupthing Bank HF.

Robert and Vincent Tchenguiz appeared at a pretrial court hearing in London’s High Court on Monday to begin their suit for damages and false imprisonment after the failed investigation, which had used "unintentionally miscast” information to obtain search warrants against Tchenguiz during the office's inquiry into the collapse of...
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