UK Fraud Office To Pay Added $2.5M To Settle Botched Sting

The U.K. Serious Fraud Office said Thursday it has agreed to pay an additional £1.5 million ($2.5 million) to settle remaining civil claims with the brother of British real estate tycoon Vincent Tchenguiz over a botched 2011 investigation into the brothers over the collapse of Iceland’s Kaupthing Bank HF.