MOST of the money invested in a failed Icelandic bank by Thames Valley Police has been recouped.

Police and Crime Commissioner Anthony Stansfeld said £4.8m of £5m had been returned.

Icelandic banks collapsed in 2008 and local authorities and other public bodies which invested in them have been trying to get their money back ever since.

The force has now sold its claim against the insolvent estate of the Icelandic bank, Landsbanki Islands.