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Iceland's authorities are preparing to charge former top bankers for causing the nation's financial system to collapse in 2008, local media reported.
The country's prosecutor will announce in the coming days charges against over a dozen former top bankers, public radio and television RUV and the daily Frettabladid reported.
Iceland's banks went on an international buying binge in the early 2000s fuelled by cheap foreign loans.
But the collapse of the US investment bank Lehman Brothers in September 2008 froze credit markets and Iceland's banks quickly collapsed, plunging the island's economy into a deep recession.
Prosecutors will pursue six former executives of Landsbanki for manipulating the bank's share price by lending funds to investors on condition they buy shares, the reports said.
Nine former executives of Kaupthing will also face charges for various schemes to manipulate the share price of what was then the nation's top bank.
The then chief executives of both banks will be among those charged, according to the reports.
Iceland's then prime minister Geir Haarde was last year found guilty of one minor charge but cleared of serious accusations relating to his handling of the banking collapse.
Haarde has argued that the government's choice to let the banks fail and repudiate their foreign debts saved the country from bankruptcy.