Posts tagged as:

Glitnir

On mafia involvement in the energy sector

September 5, 2010

Sigrún Davíðsdóttir, one of Iceland’s best investigative reporters [she blogs in English here] recently broadcast a fascinating report on increased mafia investments in the energy sector, on current affairs radio programme Spegillinn, which airs on RÚV, weekdays at 18.30. Sigrún bases her information on a report by Europol on the mafia’s involvement in the energy [...]

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Jón Ásgeir’s amazing disappearing act!

July 14, 2010

As I wrote about a few days ago, a London judge has expressed doubts that old Jón Ásgeir Jóhannesson [ex-oligarch] has made a full disclosure of his assets, as he was ordered to do by the court. The Glitnir resolution committee, which has brought charges against Jón Ásgeir in New York, claims it has evidence [...]

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No speak English, but can discuss basis points, CAD ratios and liquidity positions

July 11, 2010

Apropos the last post, someone has gone and dug up a video of an interview with ex-Glitnir-CEO Lárus Welding, one of the indicted persons in the Glitnir case. Old Lárus is one of those people who claims he can’t go through with the court proceedings in New York because his English isn’t good enough. Hmm. [...]

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Me no understand, me from Æsland

July 10, 2010

Back in May, I wrote a post describing how the resolution committee of Glitnir bank had initiated court proceedings against Jón Ásgeir Jóhannesson, the bank’s former owner, and a handful of his associates. The legal claim is very blunt and to the point, and outright accuses JÁJ and his associates of strategically and systematically robbing [...]

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More tales of highway robbery, courtesy of the usual suspects

June 10, 2010

Just when you think you’ve heard everything, along something new to scandalize. It has now been revealed that the previous owners of Apple in Iceland — Jón Ásgeir Jóhannesson and friends under the Baugur Group umbrella — cleaned out the “repair fund” of the company before it went bust in late 2008. By “repair fund” [...]

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Glitnir bank’s winding-up committee launches major court proceedings in New York

May 13, 2010

As I mentioned in the last post, another dude who’s feeling the heat right now is old Jón Ásgeir Jóhannesson, former owner of Glitnir bank, as is his wife and a handful of cronies. The Glitnir winding-up committee yesterday initiated court proceedings against them, as well as PriceWaterhouseCoopers, in New York. Yesterday it seemed that [...]

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Verifying the validity of the Black Report

April 22, 2010

One of the more interesting aspects of the Black Report is that it is such an easy read. Many people here feared that it would be filled with jargon and legalese, but that’s not the case at all. It’s written in language clearly aimed at the man in the street, and peppered with lots of [...]

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Black Report: Let the cleansing begin

April 20, 2010

I don’t think I can overstate just how important the publication of the fact-finding report into the bank collapse [aka the Black Report] is for this nation. It’s our own truth commission report, and already it’s causing major waves. Eva Joly, in an interview with DV last weekend, said: … I would like to emphasize [...]

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Doddsson’s tyranny: a casebook study

April 13, 2010

In late September 2008, Glitnir bank was in serious trouble and turned to the Central Bank for help. Davíð Oddsson was then CB director, and decided to nationalize Glitnir. The Investigative Committee has ruled that, on this specific point [as well as others] Oddsson showed negligence in the line of duty. Indeed, it has been [...]

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