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Scots councils' £40m invested in Icelandic banks at risk

More than £40m of Scots taxpayers� money is at risk as a result of the Icelandic banking crisis. Seven local authorities confirmed they have investments in the country�s troubled financial institutions including Landsbanki, Heritable and Glitnir.

More than £40m of Scots taxpayers' money is at risk as a result of the Icelandic banking crisis.

Seven local authorities confirmed they have investments in the country's troubled financial institutions including Landsbanki, Heritable and Glitnir.