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Ólafur Ólafsson

Sheik Al-Thani sends his minions

September 15, 2010

Funny little missive in my inbox this morning: Dear Iceland Weather Report You are using the picture of a member of the Qatari royal family who is unrelated to the bank scandal that you mention. [Link to post] Perhaps you should change his photo? Best regards, [Name] – [Name] UK and global roaming [UK and [...]

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So, was it worth it?

June 8, 2010

DV served up a delicious little scoop yesterday in the form of a telephone conversation transcript between two Kaupthing insiders, one Halldór Bjarki Lúðvíksson from the bank’s Corporate Division, and Lilja Steinþórsdóttir, from Internal Auditing. In the phone call, the two discuss the involvement of Sheik Al Thani of Qatar, who purchased a 5% share [...]

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Arion Bank’s bizarre acrobatics

February 10, 2010

God, there are so many corruption scandals emerging these days that my head is spinning. I’d love to inform the World at Large [that's you] about them but honestly, I wouldn’t know where to start. Except maybe with Kaupthing Arion Bank’s bizarre and completely outrageous settlements with this country’s former tycoons. First, Hagar. Hagar is [...]

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Ex-Kaupthing bosses want their money

January 22, 2010

So the deadline to submit claims in the Kaupthing bank insolvency has just passed, and of course the goons executives who drove the bank into the ground are among those with hefty claims in the estate. Sigurður Einarsson, one of the bank’s two CEOs [who incidentally was bestowed with the Order of the Falcon by [...]

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Kaupthing’s loan book exposed and an injunction ordered against RÚV

August 1, 2009

Yesterday the website WikiLeaks* published TOP SECRET information about loans made by Kaupthing bank just before the Big Meltdown last October. The info is a 209-page inside document containing slides used at a meeting of the bank’s loans committee on September 25 last year. The leaked document shows definitively that the bank made massive, high-risk [...]

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