15-01-2011, 09:33 PM
That's more like it! :popcorn:
http://news.ph.msn.com/business/article....id=4579106
Quote:By Agence France-Presse, Updated: 1/14/2011
Iceland's Landsbanki chiefs arrested: prosecutor
Two former heads of collapsed Icelandic bank Landsbanki, including a former chief executive, have been arrested in connection with a market manipulation probe, the prosecutor on the case said Friday.
Sigurjon Arnason, the former head of the failed bank, and Ivar Gudjonsson, its former investment chief, were arrested Thursday and went before a judge Friday afternoon, special prosecutor Olafur Thor Hauksson told AFP.
"An investigation is still in process," he said, adding that if the two men were charged with market manipulation they would face a maximum prison sentence of six years.
The two men were remanded in custody, Arnason until January 25 and Gudjonsson until January 21, their lawyers told Icelandic media.
Three other ex-Landsbanki executives -- former chief corporate accountant Elin Sigfusdottir, former brokerage head Steinthor Gunnarsson, and former chief of securities Yngvi Orn Kristinnsson -- were also taken in for questioning by police on Thursday but were released.
Hauksson opened the investigation into Landsbanki's spectacular collapse last October.
The bank was one of Iceland's three main banks that all went belly-up in October 2008, and were taken over by the country's financial supervisory authority (FSA).
The FSA suspects that Landsbanki executives were involved in of market manipulation for nearly five years leading up to the crash.
Prosecutor Hauksson has been charged with the task of shedding light on possible fraudulent and illegal activities among the Icelandic bankers, nick-named "the witches" at the time their businesses were booming across Northern Europe.
In May 2010, a similar probe was launched into the dealings of the one-time largest bank Kaupthing, and several top executives were briefly taken into custody.
http://news.ph.msn.com/business/article....id=4579106
"It means this War was never political at all, the politics was all theatre, all just to keep the people distracted...."
"Proverbs for Paranoids 4: You hide, They seek."
"They are in Love. Fuck the War."
Gravity's Rainbow, Thomas Pynchon
"Ccollanan Pachacamac ricuy auccacunac yahuarniy hichascancuta."
The last words of the last Inka, Tupac Amaru, led to the gallows by men of god & dogs of war
"Proverbs for Paranoids 4: You hide, They seek."
"They are in Love. Fuck the War."
Gravity's Rainbow, Thomas Pynchon
"Ccollanan Pachacamac ricuy auccacunac yahuarniy hichascancuta."
The last words of the last Inka, Tupac Amaru, led to the gallows by men of god & dogs of war