Former bank CEO arrested by Icelandic authorities

[demoleft]

Source: ap

REYKJAVIK, Iceland - Icelandic authorities have arrested the former chief executive of collapsed bank Kaupthing — the first high profile arrest in the wake of the tiny Nordic country's financial collapse.

Hreidar Mar Sigurdsson was detained on Thursday by the special prosecutor tasked with investigating the Icelandic banking crash in October 2008.

The prosecutor's office says Sigurdsson is suspected of falsifying documents and breaking laws on stock trading for personal gain.

The former banker is being held in police custody until a hearing scheduled to take place Friday at the Reykjavik District Court to decide whether he will be granted bail.

Read more: http://www.cnbc.com/id/36990106

[Demeter]

1. No Kidding! May I Borrow This?

[abq e streeter]

2. You mean he wasn't rewarded with a cabinet post?

[Lars77]

3. Iceland arrests ex-chief of collapsed bank Kaupthing

Source: BBC News

The former chief executive of the collapsed Icelandic bank Kaupthing has been arrested, authorities say.

Hreidar Mar Sigurdsson is suspected of embezzlement, trading irregularities, and other breaches of banking laws, the special prosecutor's office has said.

It is the first high-profile arrest since the country's financial collapse in 2008.

Mr Sigurdsson is being held by police until a bail hearing on Friday at the Reykjavik District Court.

Read more: http://news.bbc.co.uk/2/hi/europe/8665880.stm

[tsuki]

4. Great. Now they need to extradite the rest of the economic terrorists from the UK.

[defendandprotect]

5. Seems to me a lot of investigating, arresting, jailing needs to be done everywhere!!

[Lars77]

6. Iceland arrests ex-chief of collapsed bank Kaupthing

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