IS-2015-01 · Iceland · 2015
Kaupthing al-Thani: financed share purchase and the Icelandic Supreme Court judgment
The Supreme Court of Iceland confirmed convictions of former Kaupthing officers over a share purchase financed by the bank weeks before its collapse.
- Institution
- Kaupthing Bank hf.
- Authority
- Office of the Special Prosecutor · Supreme Court of Iceland
- Status
- Concluded — convictions confirmed
- Theme
- Market manipulation · related-party lending
- Raised by
- Post-crisis special prosecutor
- Jurisdiction
- Iceland
- Matter arose
- 22 September 2008
- Last recorded
- 12 February 2015
What the sources record
The transaction was announced as a vote of confidence in the bank shortly before the Icelandic banking system failed.
The Special Prosecutor's office established after the crisis brought the proceedings.
The Supreme Court confirmed findings of market manipulation and breach of fiduciary duty in February 2015.
Timeline
2008-09-22
Share purchase announced and financed.
2013-12-12
District court convictions recorded.
2015-02-12
Supreme Court confirms the convictions.
Individuals named in this case
IcelandConvicted by the Supreme Court of Iceland in 2015 in the al-Thani share purchase proceedings
The Icelandic Supreme Court recorded findings of market manipulation and breach of fiduciary duty in relation to a share purchase financed shortly before the bank's collapse.
Portrait tile — no licensed photograph held
IcelandConvicted in the same Icelandic proceedings concerning the al-Thani share purchase; sentence confirmed in 2015
The judgment recorded his role in approving the financing arrangements examined by the court. He has maintained that the transactions were ordinary banking business.
Portrait tile — no licensed photograph held
All individuals in the register →
Primary sources
Questions and answers on this entry
- What does register entry IS-2015-01 record?
- Kaupthing al-Thani: financed share purchase and the Icelandic Supreme Court judgment. The Supreme Court of Iceland confirmed convictions of former Kaupthing officers over a share purchase financed by the bank weeks before its collapse.
- Which authority is recorded against Kaupthing Bank hf.?
- The entry is recorded against Office of the Special Prosecutor · Supreme Court of Iceland, in the Iceland jurisdiction, under the theme Market manipulation · related-party lending.
- What is the current status of this entry?
- Status: Concluded — convictions confirmed. Last recorded change: 12 February 2015. The matter arose or was first recorded on 22 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-2015-01 be checked?
- The entry links to Background record — Kaupthing Bank.
This entry summarises published material for research and compliance-screening purposes; read the disclaimer. Any party named in a source may request a correction or exercise a right of reply through the contact page.
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