Investor Sends Complaint to Ombudsman of Althingi Skip to content

Investor Sends Complaint to Ombudsman of Althingi

Investor Heidar Már Gudjónsson has sent a complaint to the Ombudsman of Althingi, the Icelandic parliament, because of what he calls unprofessional work methods at the Central Bank of Iceland regarding the sales process of the insurance company Sjóvá.


The Althingi parliament. Photo by Páll Stefánsson.

Gudjónsson argues that the Central Bank did not comply with the law in its decision regarding the insurance company. He also demands that a public investigation of the company’s sales process be conducted, as he explained in an article in Morgunbladid.

According to, a group of investors led by Gudjónsson, who had made the highest bid for Sjóvá, decided not to go ahead with the acquisition.

They had given the sellers an extension until October 22 to confirm the acquisition agreement but, as stated in Morgunbladid, the only thing missing was the signature of Central Bank governor Már Gudmundsson.

Sjóvá is in the ownership of the asset portfolio of the Central Bank and Íslandsbanki.

DV earlier reported that Gudjónsson used to specialize in taking a position against the Icelandic króna, something which he has denied.

Click here to read more about Sjóvá.

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