Iceland jails former Kaupthing bank bosses

Posted 13/12/2013 - 06:31 by anrigaut

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2013-12-12 (All day)

Four former bosses from the Icelandic bank Kaupthing have been sentenced to between three and five years in prison.

They are the former chief executive, the chairman of the board, one of the majority owners and the chief executive of the Luxembourg branch.

They were accused of hiding the fact that a Qatari investor bought a stake in the firm with money lent - illegally - by the bank itself. ...