banking collapse

Former Landsbanki CEO Sentenced to 12 Months

Sigurjón Þ. Árnason, former CEO of Landsbanki, was sentenced to 12 months in prison by Reykjavík District Court earlier this morning for market manipulation between November 1, 2007 and October 3, 2008.

Defendants in SPRON Case Maintain Innocence

Rannveig Rist and Jóhann Ásgeir Baldurs, former board members of savings bank SPRON, both maintained their innocence when the special prosecutor’s case against them opened in Reykjavík District Court this morning. The case involves a ISK 2 billion loan.

Ex-Kaupþing Chair Sued Special Prosecutor

Former chair of collapsed Icelandic bank Kaupþing, Sigurður Einarsson, filed a lawsuit against Special Prosecutor of Iceland Ólafur Þór Hauksson and Björn Þorvaldsson, a prosecutor working at the office, at the end of October 2013, as revealed yesterday.