The Glitnir questioning: not yet over
It was a misunderstanding that the Office of the Special Prosecutor had ended the questioning of high-profile individuals connected to Glitnir. Saturday, the questioning was still going on. However, it seems that the OSP has now finished questioning Glitnir’s ex-CEO Larus Welding. He was questioned over two days, the first day for eleven hours. Dozens of Glitnir’s employees have been questioned.
The board of Saga Investment Bank still has full confidence in its CEO Thorvaldur Ludvik Sigurjonsson although he seems to be suspected of participating in the allegedly illegal deals at the centre of the investigation. Many are now wondering about the soundness of keeping him since it reflects badly on the bank and its trustworthiness to have a CEO who is being investigated for financial irregularities.
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