Court cases

26 bankers already sentenced to a combined 74 years in prison

Posted 15/10/2015 - 12:41 by anrigaut

2015-10-13 23

In two separate rulings last week, the Supreme Court of Iceland and the Reykjavík District Court sentenced three top managers of Landsbankinn and two top managers of Kaupþing, along with one prominent investor, to prison for crimes committed in the lead-up to the financial collapse of 2008. With these rulings the number of bankers and financiers who have been sentenced to prison for crimes relating to the financial collapse has reached 26, and a combined prison time of 74 years.

Former managers of Kaupþing top the list.
Eleven former bankers have been sentenced to four and a half years or more in prison. .....

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