Which authority is recorded against Glitnir Bank hf.?

The entry is recorded against Office of the Special Prosecutor, in the Iceland jurisdiction, under the theme Pre-collapse lending · breach of trust.

What is the current status of this entry?

Status: Concluded — appellate review recorded. Last recorded change: 1 June 2016. The matter arose or was first recorded on 29 September 2008.

How was this matter brought to light?

Post-crisis special prosecutor. Each statement in the entry reflects material already published by a named source; nothing beyond those sources is asserted or inferred.

Where can the primary sources for IS-2008-03 be checked?

The entry links to Background record — Glitnir.

IS-2008-03 · Iceland · 2008

Glitnir: lending decisions taken in the weeks before the 2008 collapse

Icelandic proceedings examined loans extended by Glitnir shortly before the bank was taken over by the state, with convictions and later appellate review.

Reykjavik skyline, illustrating the Glitnir lending proceedings — Illustrative image · Glitnir Bank hf.

Institution: Glitnir Bank hf.
Authority: Office of the Special Prosecutor
Status: Concluded — appellate review recorded
Theme: Pre-collapse lending · breach of trust
Raised by: Post-crisis special prosecutor
Jurisdiction: Iceland
Matter arose: 29 September 2008
Last recorded: 1 June 2016

What the sources record

The Icelandic government announced a rescue stake in Glitnir at the end of September 2008; the bank failed days later.

The Special Prosecutor charged former officers over loans granted in that period.

One conviction was reopened on appeal, and the register records the matter with that appellate history.

Timeline

2008-09-29
State rescue stake announced.
2015-01-01
Convictions recorded at first instance.
2016-06-01
Appellate review of one count.

Individuals named in this case

Iceland

Court record

Larus Welding

Former chief executive, Glitnir Bank

Base · Reykjavik

Convicted in Icelandic proceedings concerning lending decisions taken before the 2008 collapse of Glitnir

The courts examined loans extended shortly before the bank failed. One conviction was later reopened, and the record notes the appellate history.

Portrait tile — no licensed photograph held

Record →Case record →Source →

All individuals in the register →

Primary sources

Background record — Glitnir

Questions and answers on this entry

What does register entry IS-2008-03 record?: Glitnir: lending decisions taken in the weeks before the 2008 collapse. Icelandic proceedings examined loans extended by Glitnir shortly before the bank was taken over by the state, with convictions and later appellate review.
Which authority is recorded against Glitnir Bank hf.?: The entry is recorded against Office of the Special Prosecutor, in the Iceland jurisdiction, under the theme Pre-collapse lending · breach of trust.
What is the current status of this entry?: Status: Concluded — appellate review recorded. Last recorded change: 1 June 2016. The matter arose or was first recorded on 29 September 2008.
How was this matter brought to light?: Post-crisis special prosecutor. Each statement in the entry reflects material already published by a named source; nothing beyond those sources is asserted or inferred.
Where can the primary sources for IS-2008-03 be checked?: The entry links to Background record — Glitnir.

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