Sigrún Davíðsdóttir's Icelog

Acquittal in Reykjavík District Court in Aurum case

with 3 comments

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.

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Written by Sigrún Davídsdóttir

June 5th, 2014 at 11:08 am

Posted in Iceland

3 Responses to 'Acquittal in Reykjavík District Court in Aurum case'

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  1. 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

  2. […] – 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 […]

  3. […] 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 […]

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