Haukur Þór Haraldsson, former managing director of Landsbanki’s operational division, was sentenced to 18 months imprisonment for embezzlement by the Reykjavík District Court on Monday, visir.is reports.
Landsbanki headquarters in downtown Reykjavík. Photo by Páll Stefánsson.
It was the third time that the case was heard by the court. Haukur Þór had earlier been acquitted of the charges and then later sentenced to two years in prison.
According to visir.is, Haukur Þór was charged with having transferred ISK 118 million (USD 935,000; EUR 750,000) from Landsbanki’s subsidiary, NBI Holdings Ltd., to his own account following the banking collapse in October 2008.
Click here to read more about this case.