info.LandsbankiAction.org.gg   30-Mar-2016: Liquidators' Update, see Deloitte site

Key players in Iceland bank crash in court as witnesses

It is believed as many as seven people will bear witness today at the Reykjavik District Court in the case against Baldur Gudlaugsson, former permanent secretary at Iceland’s Ministry of Finance.

Jonina S. Larusdottir, former permanent secretary at the Ministry of Trade, is at the top of the witness list . . .

It was also expected that Ingimundur Fridriksson, former director of the central bank, and Halldor J. Kristjansson, former director of Landsbanki, would testify today by telephone. The judge decided at the beginning of proceedings this morning that they need to testify in person. They will therefore be called upon at a later date.

Gudlaugsson is accused of insider trading, allegedly having sold all his personal Landsbanki shares shortly after sitting in on a meeting with UK Chancellor Alistair Darling and shortly before the bank’s collapse in the autumn of 2008.  02-Mar-11.