Former Landsbanki Director Sentenced to Prison Skip to content

Former Landsbanki Director Sentenced to Prison

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_2_ps

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.

ZR

Sign up for our weekly newsletter

Get news from Iceland, photos, and in-depth stories delivered to your inbox every week!

Subscribe to Iceland Review

In-depth stories and high-quality photography showcasing life in Iceland!

Share article

Facebook
Twitter

Recommended Posts