Landsbanki action group lodges Commonwealth appeal

In an open letter to CPA representatives attending the organisation's International Parliamentary Conference in Guernsey, LGDAG seeks to draw delegates' attention to the plight of its members whose savings are still frozen eight months on since Landsbanki Guernsey was placed into administration. Some 1,600 savers of the collapsed Icelandic subsidiary have so far only received 30% of their deposits with the possibility of only recovering 80% over several years, says LGDAG's spokesman, Matthew Dorman. This is in contrast to savers in the UK, who have received 100% of their deposits, with ...