Wednesday, November 19, 2014

Iceland Jails Landsbanki (literally "national bank") CEO - Sentenced to 12 Months Prison

Photo: Páll Stefánsson.
Sigurjón Þ. Árnason, former CEO of Landsbanki, was sentenced to 12 months in prison by Reykjavík District Court earlier this morning for market manipulation between November 1, 2007 and October 3, 2008.
Nine months of the sentence are suspended for two years, reports. The period which Sigurjón was held in police custody will be deducted from his sentence.

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