Sigrún Davíðsdóttir's Icelog

Magnus Gudmundsson ex-manager of Kaupthing Luxembourg and Banque Havilland was today released from custody but is forbidden to leave Iceland for the time being. Ingolfur Helgason, also an ex-Kaupthing manager, is now in custody since Tuesday. After an unsuccessful appeal to the High Court his week-long custody is now confirmed. Kaupthing’s ex-CEO Hreidar Mar Sigurdsson is still in custody. The fourth ex-Kauthing manager, Steingrimur Karason, living in Luxembourg, has also been questioned and is now forbidden to leave Iceland.

No news of ex-executive chairman Sigurdur Einarsson’s whereabouts. He had originally been asked to come for a hearing today but the date was then moved forward. When his former colleagues were put into custody he is said to have been unwilling to come since he couldn’t get any guarantees as to what would happen to him. Interpol has now issued an international arrest warranty for him.

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