Sigrún Davíðsdóttir's Icelog

Did Kaupthing managers really stay at Robert Tchenguiz house?

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No, they didn’t. The story that Kaupthing managers stayed at Robert Tchenguiz’ house has done the rounds in both the UK and the Icelandic media. It sprung from a remark James Eadie QC, SFO’s barrister, made at the Wednesday hearing in the judicial review of Robert and his brother, Vincent. I certainly understood Eadie’s words to mean that Kaupthing managers had been living at Robert Tchenguiz house. However, I didn’t make use of this remark since I couldn’t quite see why the managers should have stayed with Robert – they had pretty nice houses themselves – and I wanted some further proof of this bizarre choice of abode.

Thursday morning, this story was on print the Telegraph. First thing at the hearing Thursday morning Eadie brought this article to the attention of  Lord Justice Thomas, who presides over the case, saying he had no intention to create a misunderstanding. He hadn’t meant that the Kaupthing execs had literally been staying at Robert Tchenguiz’ home, only that they lived in the vicinity of Tchenguiz, in Mayfair. Lord Macdonald, representing Robert, said that he and Eadie had found it entirely plausible that the execs had preferred Mayfair to Reykjavik.

This little incident and exchange of comments made the Lord Justice chuckle, adding that he had no intention of investigating this little matter any further.

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Written by Sigrún Davídsdóttir

May 25th, 2012 at 12:33 am

Posted in Iceland

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