Sigrún Davíðsdóttir's Icelog

Landsbanki Luxembourg victims’ website

with 4 comments

Icelog has earlier dealt extensively dealt with the saga of the Landsbanki Luxembourg equity release loans. As pointed out there seem to be good reasons to question both how Landsbanki dealt with its customers before its demise in October 2008 and then later how the administrator has allegedly dealt with these loans, as well as ignoring questions regarding the Landsbanki Luxembourg operations.

The clients, mostly elderly people, have shown great resilience in drawing attention to questions seeking answers but the authorities in Luxembourg have not been too keen in taking up the issues raised by the group. One of many remarkable events was when the Luxembourg Prosecutor went out of his way to issue a press release defending the administrator, i.a. by throwing doubt on the victims’ motives, though he did not publish any tangible proof for these allegations.

As reported earlier, the group has now sought legal assistance and is seeking ways how best to proceed with their claims. The group has now open a website with all relevant information, contact details etc.

Follow me on Twitter for running updates.

Written by Sigrún Davídsdóttir

February 24th, 2013 at 10:42 pm

Posted in Iceland

4 Responses to 'Landsbanki Luxembourg victims’ website'

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  1. Thank you Sigrun for the website link.
    With the help of the expertise of the ‘children’ and the determination of all of us and full days of work by those wanting to set the example by showing how important it is to fight for Transparency, Truth and Justice, this website and Thé Group Facebook and Twitter has been put in place.

    How can we ever thank those who have helped us and given us the courage to continue, enough? We can never thank them enough and they know who they are.

    Here is the link to our Open Group Facebook page:

    George Ward

    25 Feb 13 at 8:26 am

  2. Hi George. Congratulations on you new web site, group facebook and twitter. This has been an enormous achievment in what you have accomplished, as you say when one has not been brought up in the computer world the task is even more difficult. I have followed your story for some time and I am appalled at the treatment you have received in Luxembourg initially by the fraudulent selling of this equity release scheme by Landsbanki and more so the treatment you have received by the Landsbanki Administrator in Luxembourg, on Mme Hamilius. From what I have read you have a lot of friends supporting your fight who are not victims of Landsbanki. I myself being one of these people. The public and respective Authorities have to realise that this involves hundreds of victims in France, Spain & Portugal. It is now an international scandal. I noticed that the Equity Release Victims Association in Spain who’s members include Landsbanki victims.( have linked into your web site, which is a great idea. Perhaps now everyone can see what mayhem Landsbanki, Nordea Bank SA & Danske Bank SA (all operating out of Luxembourg) have created in Europe. Lets hope the European Authorities intervene to get the require justice you all seek and deserve.

    Peter James

    25 Feb 13 at 10:06 am

    Sorry George. I came across this disgraceful post on the erva web site. It would appear from this that Nordea Bank SA Luxembourg, in an effort to justify that their fraudulent equity release scheme to their clients, has certain tax advantages both IHT & Wealth Tax, now fill in the IHT Tax returns on behalf of their clients. One must remember in Spain that it is against the Spanish Regulations to create a “simulated” loan to avoid IHT & Wealth Taxes. All this can be seen on the erva web site. It would seem that Nordea Bank will have a lot of questions to answer.

    Peter James

    25 Feb 13 at 10:16 am

  4. “Iceland’s Financial Supervisory Authority (FSA) has completed its investigation of financial fraud that led to the country’s 2008 collapse.

    The investigations involved 205 cases of malpractice and have been ongoing for more than four years, Bloomberg reports.

    The FSA referred 103 of the total cases to prosecutors, while fines were imposed in 4 cases, and the remaining 98 were dropped.”
    Taken from Reykjavic Grapevine 15/02/13

    Does this mean that the FSA will not investigate Landsbanki?

    Surely the people of Iceland would not agree to this?
    Why should one Bank get away with no investigation unless there is a lot to hide?

    If there is nothing to hide, there is nothing to fear.

    If there is a lot to hide, surely the Icelandic people who have so valiantly fought for Justice and punishment for the Bankster, would want to expose what happened to ensure it never happened again and Justice is served?
    What is Democracy if there is no Justice and why win a battle if one does not go the whole way and win a war?
    Iceland should continue what it started and set an example to the world. Half way measures will take away all the good that has thus far been done.

    George Ward

    26 Feb 13 at 1:39 pm

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