Kaupþing Bank Executives to Pay Estate ISK Millions

Posted 21/12/2011 - 18:20 by anrigaut

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2011-12-21 (All day)

Six former superiors at the now defunct bank Kaupþing (Kaupthing) must pay its bankruptcy estate more than ISK 4 billion (USD 32 million, EUR 25 million), according to a court order announced yesterday. The estate’s managers are demanding that assets both in Iceland and abroad will be liquidated to cover the debt. ....