Sigrún Davíðsdóttir's Icelog

Another ex-Kaupthing manager in custody

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Magnus Gudmundsson, earlier the head of Kaupthing Luxembourg, now the manager of Banque Havilland owned by David and Jonathan Rowland, has also been imprisoned after the Office of the Special Prosecutor in Iceland asked for a custody of two weeks over him. The charges that can be expected to be brought against Gudmundsson and Hreidar Mar Sigurdsson could possibly bring an imprisonment of at most eight years if the two will be convicted. The offices of KPMG and PWC in Reykjavik have also been searched in connection with the investigation.

PS It now seems that Gudmundsson was brought in for questioning but isn’t being held over night like Sigurdsson. What happens later is still unclear. A custody might be demanded Frid.

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Written by Sigrún Davídsdóttir

May 6th, 2010 at 8:36 pm

Posted in Iceland

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