Deloitte, the accountancy firm, has come under scrutiny in Iceland over its advisory role in the sale of a major stake in Bakkavor, one of the UK's biggest supermarket suppliers, the Daily Telegraph reports.

Investigators are looking at whether Bakkavor's founders, two London-based millionaire brothers, paid a fair price when they bought a 39% stake at the height of the Icelandic bank crisis a year ago.

Read more on telegraph.co.uk.