Sigrún Davíðsdóttir's Icelog

Einarsson: the future is unclear

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Around 6pm the Office of the Special Prosecutor decided to call it a day – and Sigurdur Einarsson left the office after a whole day of interrogations. As he left he said to the media that all allegations against him are wholly unfounded. The Kaupthing management had not been involved in market manipulation, fraud or embezzlement as the investigations indicates.

The OSP isn’t finished with Einarsson just yet. He has to show up tomorrow for another day. It’s still unclear if he came to some sort of an agreement with the OSP that he would only show up if he wouldn’t be put into custody though it seems, a priori, rather unlikely that the OSP would do such an agreement.

The UK Serious Fraud Office is conducting its own investigation into Kaupthing. The OSP and the SFO are collaborating though the investigations are independent of each other.

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Written by Sigrún Davídsdóttir

August 19th, 2010 at 6:39 pm

Posted in Iceland

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