Ex-Icelandic official jailed for bank collapse trade
07 April 2011 | 22:43 | FOCUS News Agency
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Reykjavik. A Reykjavik court on Thursday sentenced a former high ranking official at Iceland’s finance ministry to two years in prison for selling stock in the Landsbanki bank just before its 2008 collapse, AFP reported.
Baldur Gudlaugsson “took advantage of his position as a staff member of public office” by selling all of his shares in Landsbanki on September 17 and 18 2008, the Reykjavik district court said in its ruling.