Iceland Court Rules Kaupthing Executive Helgason to Repay Loan
Posted 02/05/2013 - 16:27 by anrigaut
An Icelandic court ruled that a former executive of failed lender Kaupthing Bank hf must repay loans given to him by the lender to buy its shares.
Ingolfur Helgason, the ex-head of Kaupthing’s Icelandic operations, is personally liable for the 1.1 billion-krona ($9.5 million) loan the bank extended to him for purchases, according to the ruling announced today by the Reykjavik District Court. ...