The case of Baldur Guðlaugsson, former undersecretary of the Icelandic Ministry of Finance, who was sentenced to two years in prison in February for insider trading, was appealed to the European Court of Human Rights on Thursday.
Archive photo by Páll Stefánsson.
It will probably take the court one year to decide whether his case will be heard, ruv.is reports.
Baldur was found guilty of insider trading on five accounts when he sold his shares in Landsbanki shortly before the bank collapsed.
Baldur believes that his rights were violated during the trial, such as when his case was reopened after the Financial Supervisory Authority announced to him that the investigation into his affairs had been canceled.
Most cases that are appealed to the European Court of Human Rights are dismissed and many appeals are awaiting the court’s decision.
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