Acquittal in Reykjavík District Court in Aurum case
Jón Ásgeir Jóhannesson, Glitnir ex-CEO Lárus Welding and two other Glitnir employees have all been acquitted this morning in the Reykjavík District Court in the Aurum Case. The Prosecutor will no doubt appeal, sending the case to the Supreme Court.
It remains to be seen what the outcome will be but in the Exeter case, another financial fraud bank-related case, the Reykjavík District Court acquitted but the Supreme Court sentenced to 4 1/2 year prison term.
The verdict is not yet out on the Court website. Will read it later on.
Follow me on Twitter for running updates.
It will be terrible not only for Iceland if The Reykjavik court ruins Iceland’s much admired reputation of being tough on Bank fraud and setting a moral example to the world which has done so much to repair Iceland’s image so tarnished by the reckless banksters.
It is sad for Iceland, sad for the world who thought they had an example to look to and sad for the long term future of the economy if fraud is allowed to thrive and bank fraud and delinquency is allowed to go unpunished.
Rachael Williams
9 Jun 14 at 1:44 pm edit_comment_link(__('Edit', 'sandbox'), ' ', ''); ?>
[…] – Elmar Svavarsson, Jóhannes Baldursson and Magnús Arnar Arngrímsson (also accused in the Aurum case, acquitted in the Reykjavík District Court; case appealed to Supreme Court) – were indicted […]
Reykjavík County Court hands out severe prison sentences to four bankers at Sigrún Davíðsdóttir's Icelog
27 Jun 14 at 1:19 pm edit_comment_link(__('Edit', 'sandbox'), ' ', ''); ?>
[…] the Icelandic Supreme Court annulled the Reykjavík District Court acquittal in the Aurum case. This means that the District Court has to start all over again on the case. Those charged are […]
The Aurum case: media battle and a second round in Court at Sigrún Davíðsdóttir's Icelog
22 Apr 15 at 9:47 pm edit_comment_link(__('Edit', 'sandbox'), ' ', ''); ?>
I wish to show thanks to the writer for rescuing me from this scenario. After scouting throughout the world wide web and finding ways which were not helpful, I figured my entire life was well over. Being alive without the presence of solutions to the issues you’ve fixed as a result of your post is a critical case, as well as the ones that would have in a negative way affected my entire career if I had not encountered the blog. The mastery and kindness in touching all the pieces was helpful. I’m not sure what I would have done if I hadn’t discovered such a thing like this. It’s possible to at this time look forward to my future. Thanks so much for this skilled and amazing guide. I won’t hesitate to suggest your web blog to anybody who wants and needs recommendations about this problem.
bape
19 Nov 23 at 6:38 pm edit_comment_link(__('Edit', 'sandbox'), ' ', ''); ?>
My wife and i were excited when Raymond managed to round up his preliminary research through the ideas he obtained using your blog. It is now and again perplexing just to choose to be making a gift of tips and tricks that many some other people could have been making money from. And we know we have you to give thanks to for that. The main illustrations you’ve made, the easy site navigation, the relationships your site aid to foster – it is many remarkable, and it’s aiding our son and our family imagine that this subject matter is thrilling, and that’s wonderfully fundamental. Thank you for all!
off white jordan 1
18 Jan 24 at 8:28 am edit_comment_link(__('Edit', 'sandbox'), ' ', ''); ?>
My spouse and i got quite ecstatic Emmanuel could finish off his inquiry through the entire precious recommendations he came across from your very own weblog. It is now and again perplexing to simply always be releasing procedures which some others could have been making money from. Therefore we figure out we’ve got the blog owner to be grateful to for this. The entire explanations you’ve made, the easy blog navigation, the relationships you can help instill – it’s mostly superb, and it’s really helping our son and the family reckon that the matter is enjoyable, which is pretty serious. Many thanks for all the pieces!
golden goose
21 Jan 24 at 2:13 pm edit_comment_link(__('Edit', 'sandbox'), ' ', ''); ?>