Nine Former Kaupthing Employees Indicted

Posted 24/04/2013 - 15:49 by anrigaut

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2013-04-23 23

Charges were filed against nine former Kaupthing employees in Reykjavík’s District Court this morning, Vísir reports.

The nine men are accused of market abuse and breach of trust in the lead up to the bank collapse in October 2008. This particular case first emerged in April and was reported to be one of the largest of its kind, but it is in fact five different cases combined into a single charge.
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For further details see here: http://www.reuters.com/article/2013/04/24/iceland-bankers-idUSL6N0DB3DV2... and here: http://uti.is/2013/04/iceland-prosecuting-alleged-major-financial-fraud-...