Landsbanki trial in French courts as representatives charged with money laundering and tax evasion

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Lawyers of Icelandic bank Landsbanki are facing a string of charges including tax evasion and money laundering, while the bank itself faces fraud charges.

This includes links to Rodrigo Rato, former head of the IMF and Bank of Spain and a close friend of Spanish Prime Minister Mariano Rajoy.

French criminal courts have formally ordered that the Landsbanki case goes to trial over the selling of equity release schemes in Spain and France.

The long running saga has seen numerous victims, largely to British expats on the Costa del Sol and Costa Brava and in France.