Wanted Iceland Banker’s Lawsuit Dismissed Skip to content

Wanted Iceland Banker’s Lawsuit Dismissed

The Supreme Court of Iceland dismissed yesterday the claim of Sigurdur Einarsson, former chairman of the Icelandic bank Kaupthing, that the warrant for his arrest be revoked. The court found that there is no basis in the law for filing charges against a verdict of this type.

The Supreme Court of Iceland. Photo by Páll Kjartansson.

Einarsson, who lives in London, refuses to comply with the request of the special prosecutor to come to Iceland for questioning. The special prosecutor therefore issued an international arrest warrant for Einarsson based on a verdict in Reykjavík District Court and the banker has since been wanted by Interpol, Fréttabladid reports.

With the dismissal of Einarsson’s claim, the arrest warrant is still valid. British authorities do not intend to arrest him until charges have been filed against him. However, he will be arrested if he tries to leave the country.

The Supreme Court of Iceland confirmed yesterday a travel ban ruling over former Kaupthing CEO Hreidar Már Sigurdsson until May 28. Other former Kaupthing executives are also on a travel ban.

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