Iceland’s Special Prosecutor Ólafur Thór Hauksson, who is investigating the events leading up to the banking collapse in 2008, had four men arrested yesterday while raiding the headquarters of the insurance company VÍS.
The photo is not related to the story. By Páll Stefánsson.
The four men are former majority owner of Exista Lýdur Gudmundsson, former CEO of Exista Erlendur Hjaltason, former managing director of Exista’s own trade Bjarni Brynjólfsson and former CEO of VÍS Gudmundur Örn Gudmundsson, visir.is reports.
The case is based on suspicion of legal violations of the laws on the operation of insurance companies and breach of trust in relation to dubious loans.
After questioning was finished yesterday evening, the special prosecutor did not see a reason to request custody over the men who were arrested. However, questioning will continue with some of them today.
Click here to read more about the special prosecutor’s investigation.
