Reykjavik Grapevine

Judge Will Not Be Forced To Leave Trial Over “Lack Of Impartiality” Accusations

Posted 07/10/2015 - 12:30 by anrigaut

2015-10-06 23

Reykjavík District Court has dismissed a request that a judge in the so-called Marple Case recuse himself for allegedly lacking impartiality on the matter.

Kjarninn reports that Hörður Felix Harðarson, the lawyer for former Kaupþing director Hreiðar Már Sigurðsson, filed a motion with the Reykjavík District Court that one of the judges in the case, Ásgeir Brynjar Torfason, recuse himself from the trial. The motion was filed on the grounds that Felix believes Ásgeir cannot exercise impartiality in the case.

The allegations are based on Ásgeir’s involvement with Gagnsæi, an anti-corruption group, as well as for his posts and “Likes” on social media with news stories related to the case.

Vísir reports, however, that this motion has been denied by the court. Hreiðar could appeal the matter to the Supreme Court after the District Court passes its verdict, which is expected this Friday.
...

5
Your rating: None Average: 5 (1 vote)

Who Knew Banking Was Really About Dead Cats?

2015-04-28 23

The Reykjavik District Court is now one week into what has been dubbed the “large Kaupthing market manipulation case.”

...

While we must wait for weeks before the verdict is handed down (and then months before the Supreme Court hears the case: because of course it will be appealed!), the traders’ testimony and the evidence offered by the prosecution has given us interesting glimpses into what life is like inside a bank that is fighting for its life.

...

Unquestionably the most fascinating evidence presented thus far are recorded landline phone conversations between the traders and their superiors, which were recorded according to bank protocol.

We learned, for example, that the traders and their superiors referred to Kaupthing as a “dead cat.” ...

0
Your rating: None

Kaupthing Bankers on Trial, Again

2015-04-20 23

The Reykjavík District Court began hearing oral testimony on Monday in the largest case relating to the events leading up to the crash of 2008. Nine former managers of Kaupthing bank are on trial for market manipulation in the 11 months leading up to the bank’s collapse, along with the rest of the Icelandic financial system in the fall of 2008. Over fifty witnesses are scheduled to appear before the judge, a process expected to take seventeen days, followed by five days of oral arguments.
...

5
Your rating: None Average: 5 (1 vote)

Bankers Behind Bars: Is Iceland Living Up To That Meme

Posted 24/03/2015 - 20:47 by anrigaut

2015-03-24 (All day)

Until last month most Icelanders would have argued there was only a fraction more truth to the claim that Icelanders “imprisoned the banksters” than there is to the fairytale that we all believe in elves
...
Now, Iceland has truly started jailing its banksters.
...
The ['Al Thani' case] ruling was met with a certain level of surprise from a large portion of the population. Many Icelanders half expected that Kaupthing’s bosses would walk free.
...
In April, the court will hear an extensive case against nine top-level managers of Kaupthing, alleging that the bank engaged in systematic and extensive market manipulation.

The Special Prosecutor is currently determining whether fourteen other cases will be brought to trial, while another twenty-four are still under investigation, with many nearing completion.
...

5
Your rating: None Average: 5 (1 vote)

Nine Former Kaupthing Employees Indicted

Posted 24/04/2013 - 15:49 by anrigaut

2013-04-23 23

Charges were filed against nine former Kaupthing employees in Reykjavík’s District Court this morning, Vísir reports.

The nine men are accused of market abuse and breach of trust in the lead up to the bank collapse in October 2008. This particular case first emerged in April and was reported to be one of the largest of its kind, but it is in fact five different cases combined into a single charge.
...

For further details see here: http://www.reuters.com/article/2013/04/24/iceland-bankers-idUSL6N0DB3DV2... and here: http://uti.is/2013/04/iceland-prosecuting-alleged-major-financial-fraud-...

0
Your rating: None
Syndicate content