Forced police searches took place at ten locations yesterday and last Tuesday in relation to the special prosecutor’s investigation into the Icelandic banking collapse last year.
The raids were directly linked to investigations into the purchase of a 5.01 percent share in Kaupthing Bank by Q Iceland Finance ehf.
Q Iceland Finance is owned by Olafur Olafsson and Sheik Mohamed Bin Khalifa Al-Thani. Kaupthing granted Olafsson, who at the time was the second biggest shareholder in the Bank, a loan for half the cost of the purchase of Q’s 5.01 percent share. The loan was written against his company which is registered in the British Virgin Islands. The loan was secured by the shares themselves and involved no personal risk to Olafsson.
Sigurdur Einarsson, the former Head of the Board at Kaupthing, has said that no money was taken out of the Bank to finance the Sheik’s purchase; but Morgunbladid did report in January that the Bank had been buying up its own shares in order to sell them to the Sheik.
The investigators are looking into alleged market manipulation and punishable embezzlement in relation to the share purchase at the end of September 2008.
The raids yesterday were synchronised and began with simultaneous searches of three premises at 10.00. In all, 20 people took part in the raids, mbl.is reports.
Punish these criminals, they are craps that suck hardworking people´s blood in Iceland.
Eva Joly has read this:
http://www.wikihow.com/Kick-Down-a-Door
The whistle blower was Davíð Oddson, he sent a letter to the Police about this 2 december,
this led to a investigation that involves this sjeik form Quatar and money transfers of hundreds of billions kr, some people connected to KB where replaced after this,
some of the people who are being investigated could face up to 6 years in prison if found guilty.
I have an idea.
If the investigators are short of people – they just need to ask public. I guess they will get thousands of volunteers to do whatever job needed :-)
So it shouldn’t be a problem to secure for simultaneous search even one hundred locations ;-)
These people at the bank should be shipped to NORTH KOREA to repent for their sins of swindling the icelandic local population or other choice of destination, ZIMBABWE,SUDAN,BURMA,SOMALI and let them rot over their from harms way
CHINA POWER
Yes i agree with you, but you should add the democratic and humenrightheaven of China!
The latest scandal
http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/5373909/Karen-Millen-votes-to-keep-Byr-bank-books-secret.html
The Karen Millen share is registered to KB Luxembourg
this is a very big and complicated matter,
i was reading about KB Exista and KB Lux yesterday and after 3 hours of web surfing i ended up with Mohammar Gaddafi in Lybia, he somehow is connected with Quatar and some oil busyness KB invested in,
this whole thing is the bigges scam in world history, it will take an army of people to fight tru this.