Al-Thani case

Kaupthing bankers & shareholder convicted in Al Thani case

Posted 12/12/2013 - 15:39 by anrigaut

2013-12-12 (All day)

A ruling in the so-called al Thani case is expected today at 3pm in Iceland. The Office of the Special Prosecutor earlier charged Kaupthing top managers – Sigurður Einarsson, Hreiðar Már Sigurðsson, Magnús Guðmundsson – and the second largest Kaupthing shareholder, Ólafur Ólafsson, for market manipulation and breach of fiduciary duty. The case derives its name from a member of the Qatar-ruling al Thani family, involved in the case but not charged. ...

UPDATE: Sigurðsson has been sentenced to 5 1/2 years, Einarsson 5 years, Ólafsson 3 1/2 years and Guðmundsson 3 years.

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Al-Thani Case Most Likely Postponed by Ten Months (updated)

Posted 24/04/2013 - 16:03 by anrigaut

2013-04-23 23

The trial of the Al-Thani case will most likely be postponed by ten months because defense lawyers Gestur Jónsson and Ragnar H. Hall resigned from the case against the judge’s wishes. The judge met with the prosecutor and new defense lawyers on Monday.
...

Update 25 Apr: Now scheduled to begin on 21 0ct under a new judge (and new defence lawyers):
http://uti.is/2013/04/yet-another-unexpected-turn-in-the-al-thani-case/

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The latest on the al Thani case

2013-04-13 23

Instead of starting the oral hearings in the al Thani case – where the Office of the Special Prosecutor in Iceland has charged three former Kaupthing managers and the bank’s second largest shareholder – as planned Thursday morning, April 11, the hearings were postponed until further notice. This happened after the defense lawyers of Sigurdur Einarsson and Olafur Olafsson took the unprecedented step not to heed the judge who refused to accept their resignation of the case. In court, prosecutor Bjorn Thorvaldsson pleaded that the two lawyers would receive penalties for willfully causing delays to the case. The judge will consider any such step after the case had finally been heard. ...

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Sheiks Refuse to Bear Witness in Kaupþing Case

Posted 08/03/2013 - 11:23 by anrigaut

2013-03-07 (All day)

Sheik Mohammed Bin Khalifa Al-Thani of Qatar, his relative Sheik Sultan and British lawyer Simon Soutall all refused to bear witness in a case concerning Al-Thani’s acquisition of more than five percent of shares in Icelandic Kaupþing Bank shortly before it collapsed in autumn 2008, as stated at the hearing at Reykjavík District Court today.

Al-Thani’s defense lawyers demand that the principal proceedings be postponed. However, the judge concluded that the schedule for the principal proceedings to begin on April 11 should remain unchanged, ruv.is reports.

New evidence was submitted at the court this morning, including transcripts of telephone conversations of Kaupthing’s employees in Luxembourg and the settlement agreement of Kaupþing’s winding-up committee with Al-Thani.

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Charges Against Former Kaupþing CEO Dropped

Posted 21/11/2012 - 08:31 by anrigaut

2012-11-20 (All day)

All charges against former CEO of Kaupþing Luxembourg Magnús Guðmundsson in the so-called Al-Thani case have been dropped. The verdict by Reykjavík District Court came at around 9 am this morning and has already been appealed at the Supreme Court. ...

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