IS-2015-01 · Iceland · 2015
Supreme Court of Iceland upholds prison sentences against four former bank executives
Iceland's Supreme Court upheld market-manipulation convictions and prison sentences against four former executives and owners of the failed bank in the so-called Al-Thani case, reported at the time as the heaviest financial-crime sentences in Icelandic history.
- Institution
- Kaupthing Bank hf. (failed)
- Authority
- Supreme Court of Iceland
- Status
- Convictions upheld
- Theme
- Market manipulation · 2008 collapse
- Raised by
- Criminal prosecution
- Jurisdiction
- Iceland
- Matter arose
- 12 December 2013
- Last recorded
- 12 February 2015
What the sources record
The judgment was delivered on 12 February 2015, upholding sentences issued by Reykjavík District Court in December 2013.
The case concerned the presentation of a share purchase shortly before the bank's collapse in 2008.
Individuals named in this case
Market-manipulation conviction upheld by the Supreme Court of Iceland, 2015
One of four former executives and owners whose prison sentences in the Al-Thani case were upheld by Iceland's Supreme Court on 12 February 2015.
Market-manipulation conviction upheld by the Supreme Court of Iceland, 2015
Named in the Supreme Court judgment of 12 February 2015 upholding the sentences issued by Reykjavík District Court in December 2013.
Market-manipulation conviction upheld by the Supreme Court of Iceland, 2015
One of the four individuals whose convictions in the Al-Thani case were upheld on appeal in February 2015.
Court record
Magnus Gudmundsson
Former chief executive, Kaupthing Luxembourg unit
Base · Luxembourg · Reykjavík
Market-manipulation conviction upheld by the Supreme Court of Iceland, 2015
Named in reporting of the Supreme Court judgment upholding the Al-Thani case sentences on 12 February 2015.
All individuals in the register →
Primary sources
- AP News — Supreme Court upholds sentences, 12 February 2015
- RTÉ — Iceland's Supreme Court upholds banker convictions
Questions and answers on this entry
- What does register entry IS-2015-01 record?
- Supreme Court of Iceland upholds prison sentences against four former bank executives. Iceland's Supreme Court upheld market-manipulation convictions and prison sentences against four former executives and owners of the failed bank in the so-called Al-Thani case, reported at the time as the heaviest financial-crime sentences in Icelandic history.
- Which authority is recorded against Kaupthing Bank hf. (failed)?
- The entry is recorded against Supreme Court of Iceland, in the Iceland jurisdiction, under the theme Market manipulation · 2008 collapse.
- What is the current status of this entry?
- Status: Convictions upheld. Last recorded change: 12 February 2015. The matter arose or was first recorded on 12 December 2013.
- How was this matter brought to light?
- Criminal prosecution. 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 AP News — Supreme Court upholds sentences, 12 February 2015; RTÉ — Iceland's Supreme Court upholds banker convictions.
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