Central Bank Governor Dismisses Investor’s Claims Skip to content

Central Bank Governor Dismisses Investor’s Claims

Governor of the Central Bank of Iceland, Már Gudmundsson, said the bank’s part in the sales process of insurance company Sjóvá will withstand inspection. He denies the accusations of investor Heidar Már Gudjónsson of having misused his authority and violated laws.


Central Bank governor Már Gudmundsson. Photo by Geir Ólafsson.

Gudjónsson made these accusations in a statement issued to the media on Wednesday, announcing that he had filed a complaint to the Ombudsman of Althingi because of this case, and in an interview with weekly Fréttatíminn today he claimed that the Central Bank governor had called him an idiot many times and threatened to ruin his reputation.

Gudjónsson led a group of investors who submitted the highest bid to Sjóvá but the group withdrew its offer due to processing delays of the case at the Central Bank.

Gudmundsson has until now refused to comment on the matter. He explained at a press conference yesterday that he is bound to confidentiality by law.

“However, I can assure you that it will all withstand inspection,” he said, stating that no laws had been violated and that he had not misused his authority.

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