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.
The Supreme Court of Iceland acquitted the City of Reykjavík from a more than ISK 1.8 billion (USD 14.5 million, EUR 11.7 million) claim made by Kaupþing Bank in November 2008 with a ruling announced on November 6.
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.
Former CEO of Landsbanki Sigurjón Þ. Árnason and former manager of the bank’s company division Elín Sigfúsdóttir were today acquitted of charges of abusing their positions and risking the bank’s funds at Reykjavík District Court.
One of the biggest cases in which the Office of the Special Prosecutor in Iceland has filed charges, the result of extensive investigations of banking affairs following the economic crisis in 2008, opened in Reykjavík District Court on Wednesday.
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.