Iceland Monitor 26 June 15: Kaupþing executives jailed

Category: Newsflash

Six defendants in the Kaupþing market manipulation case, the biggest case of this type in Iceland’s history, have been handed prison sentences ranging from one year to four years and six months.

By fully financing share purchases with no other surety than the shares themselves, the bank was accused of giving a false and misleading impression of demand for Kaupþingi shares by means of deception and pretence.

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Read details here

Another report in Iceland Review, here

and comment from Sigrund Davidsdottir on her blog here

 

 

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