Ex-Kaupthing chief executive arrested

REYKJAVIC – Hreidar Mar Sigurdsson, the former chief executive of Icelandic bank Kaupthing, was arrested on May 6, 2010.

Sigurdsson, who oversaw the bank’s crisis in 2008 that led to state ownership, faces charges of embezzlement, trading irregularities and other breaches of banking laws.

Several former senior members of Kaupthing’s staff have also recently been arrested, including Ingolfur Helgason and Steingrimur Karason, head of domestic operations and chief risk officer,  respectively.


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