Market-manipulation conviction upheld by the Supreme Court of Iceland, 2015

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Court record · Iceland
Former chief executive, Glitnir Bank
Convicted in Icelandic proceedings concerning lending decisions taken before the 2008 collapse of Glitnir
Larus Welding is recorded in this register under the heading “Court record”, in connection with the role of Former chief executive, Glitnir Bank. The entry is filed to Reykjavik (Iceland), which is the location associated with the role in the published material rather than a statement of present residence or employment.
The courts examined loans extended shortly before the bank failed. One conviction was later reopened, and the record notes the appellate history. The register reproduces the substance of the linked source and does not extend it. Where a matter has been appealed, reopened, or closed without findings, that position is stated as the source states it, and the summary line for this entry reads: “Convicted in Icelandic proceedings concerning lending decisions taken before the 2008 collapse of Glitnir.”
The entry rests on a published judicial decision or an established news agency report of one. It records the finding as the court expressed it, and nothing beyond it. Readers assessing counterparty, employment or reputational risk should treat this page as a signpost to the primary material — cited here as Icelandic court reporting / Reuters — and should verify current status directly with the issuing court, authority or publisher before acting. Corrections and right-of-reply requests are handled through the register's legal notice.
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