Inspired by Iceland

Categorized | Business, General, Iceland, MBL

Kaupthing bank boss custody upheld by Supreme Court

olafur-thor-littleThe Supreme Court of Iceland yesterday evening upheld the decision of the Reykjavik District Court to remand former Kaupthing bosses Hreidar Mar Sigurdsson and Magnus Gudmundsson in custody.

The Reykjavik District Court Friday granted the Special Prosecutor’s wish to hold Sigurdsson for 12 days and Gudmundsson for a week and both decided to appeal to the Supreme Court.

DV reports that the Special Prosecutor requested that the District Court not publish details of the hearing on its website, as it usual, because their disclosure could damage the ongoing case against the two men.

Six middle managers and other employees of Old Kaupthing have been interviewed by the Special Prosecutor since Friday. The reason the two men are being held at this stage is to remove them from the conversation and ensure they cannot influence the case.

More people have been invited to interview in Reykjavik, including two from Luxembourg. Sigurdsson and Gudmundsson both face lengthy prison sentences if found guilty of fraud, embezzlement and market manipulation.

22 Responses to “Kaupthing bank boss custody upheld by Supreme Court”

  1. demy f.r. says:

    Now justice is rolling. We understand the need to observed the legal technicalities in Court but please do understand also the need for transparency as long as it does not affect the legal proceeedings as we do not want to jeopardize the on going case.
    This is only the beginning and more to come.
    A fair justice to all and we are also counting.

  2. Aggi says:

    Time will tell!!

  3. Axel says:

    Sigurdur Einarsson is hiding in Britain, like many other banksters and refuses to report to the Icelandic police.

    http://www.interpol.int/public/data/wanted/notices/data/2010/68/2010_21468.asp

    He cant hide forever, someone will track him down, he should know that.

    Looks like i underestimated our Akranes Sheriff, he seems to be up to the challange.

  4. Ake says:

    Head Of Iceland’s Kaupthing Bank To Be Sacrificed To Volcano:
    http://www.gubuwire.com/?p=2057

  5. David Benson says:

    Way to go Iceland brothers and sisters! Google… theglowingamigo for researches into the NWO BANKSTERS effort to take over the world. Also go to craigslist politics in Miami and type in banksters for 1 to 66 individual postings directly related to the issues. You guys are so awesome for kicking out the BANKSTERS!

  6. Bromley86 says:

    >You guys are so awesome for kicking out the BANKSTERS!

    Hasn’t happened yet.

  7. Fisy says:

    >You guys are so awesome for kicking out the BANKSTERS!

    As Brumley says, this board is not place to post about unfounded conspiracy thoery or nonsense about banking people.

  8. Peter London/Krakow says:

    “As Brumley says, this board is not place to post about unfounded conspiracy thoery or nonsense about banking people.”

    Fishy, your use of the English language is inspiring.

    For banksters and politicians.

  9. Axel says:

    Well, the banksters and other financial terrorists dont dare to live in Iceland anymore, they fled to places more friendly to criminals of this type, like Swiss, Britain, Canada, Luxembourg and Russia.
    Sigurdur Einarsson former KB Capo di tutti came to Iceland to be interrogated because we had a interpol arrest warrant issued on him, that ment that he would be arrested when he would leave Britain,
    i wonder if he is staying in his 844 m3 summerhome in Iceland,
    it has 50mm bullet proof glass and a part of it is built into a cliff.

    http://www.dv.is/frettir/2010/5/19/sveitaodal-sigurdar-tilbuid-undir-treverk/

    This man and all the others, like the Bjorgolfs and Jon Asgeir are pariah in Iceland, they will not be allowed to do business in Iceland again, and many of them will be going to prison for what they have done, there is no doubt about that.

  10. David Benson says:

    I found Some founded Quotes from our founding for fathers for the posters like Peter London and Bromley. Surely they must have their head up the a***s of the BANKSTERS themselves. Just get over it, most of the country has known for some time that the emperor is wearing no cloths!

    All the perplexities, confusion and distress in America arise, not from defects in their Constitution or Confederation, not from want of honor or virtue, so much as from the downright ignorance of the nature of coin, credit and circulation.
    John Adams

    And I sincerely believe, with you, that banking establishments are more dangerous than standing armies…? -Thomas Jefferson, letter to John Taylor in 1816

    The modern theory of the perpetuation of debt has drenched the earth with blood, and crushed its inhabitants under burdens ever accumulating. – Thomas Jefferson to John Wayles Eppes, 1813

    “This Act (the Federal Reserve Act) establishes the most gigantic trust on earth. When the President (Woodrow Wilson) signs the Bill, the invisible government of the Monetary Power will be legalized … The worst legislative crime of the ages is perpetrated by this banking and currency Bill.” Congressman Charles A. Lindbergh (R-MN), Sr., 1913

    I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.” -Woodrow Wilson, After breaking with the engineers of the Federal Reserve Act, and near his death; quoted in American Mercury 1975

    “Capital must protect itself in every possible manner by combination and legislation. Debts must be collected, bonds and mortgages must be foreclosed as rapidly as possible. When, through a process of law, the common people lose their homes they will become more docile and more easily governed through the influence of the strong arm of government, applied by a central power of wealth under control of leading financiers. This truth is well known among our principal men now engaged in forming an imperialism of Capital to GOVERN the WORLD. By dividing the voters through the political party system, we can get them to expend their energies in fighting over questions of no importance. Thus by discreet action we can secure for ourselves what has been so well planned and so successfully accomplished.” – US Bankers Magazine, Aug 25, 1924

    “The issue which has swept down the centuries
    and which will have to be fought sooner or later
    is the people versus the banks.” Baron Lord Acton 1850

    “The few who understand the system, will either be so interested in
    its profits, or so dependent on its favours that there will be no
    opposition from that class, while on the other hand, the great body
    of the people mentally incapable of comprehending the tremendous
    advantage that capital derives from the system, will bear its burdens
    without complaint, and perhaps without even suspecting that the system
    is inimical to their interests.” John Sherman 1863 Protege of the Rothschild banking family

    “It is well enough that the people of this nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” – Automaker Henry Ford, during the Great Depression.

    “For the first time in its history, Western Civilization is in danger of being destroyed internally by a corrupt, criminal ruling cabal which is centered around the Rockefeller interests, which include elements from the Morgan, Brown, Rothschild, Du Pont, Harriman, Kuhn-Loeb, and other groupings as well. This junta took control of the political, financial, and cultural life of America in the first two decades of the twentieth century.”
    Quote by:
    Carroll Quigley
    (1910-1977) Professor of International Relations, Georgetown University Foreign Service School, Washington, D.C.

    Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as ‘internationalists’ and of conspiring with others around the world to build a more integrated global political and economic structure–one world, if you will. If that’s the charge, I stand guilty, and I am proud of it. David Rockefeller.

    We are grateful to the Washington Post, the New York Times, Time magazine and other great publications whose directors have attended our meetings and respected the promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subject to the bright lights of publicity during those years. But, the world is now more sophisticated and prepared to march towards a world-government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the National autodetermination practiced in past centuries.– David Rockefeller in an address to a Trilateral Commission meeting in June of 1991

    “Secrecy is the keystone of all tyranny. Not force, but secrecy?censorship. When any government, or any church for that matter, undertakes to say to its subjects, “This you may not read, this you must not see, this you are forbidden to know,” the end result is tyranny and oppression, no matter how holy the motives ? Mighty little force is needed to control a man whose mind has been hood-winked; contrariwise, no amount of force can control a freeman, a man whose mind is free. No, not the rack, not fission bombs, not anything – you can’t conquer a free man; the most you can do is kill him.”

    Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence.
    John Adams

    I always consider the settlement of America with reverence and wonder, as the opening of a grand scene and design in providence, for the illumination of the ignorant and the emancipation of the slavish part of mankind all over the earth.
    John Adams

    These Quotes are well documented part of Americas history. They represent just the tip of the ice burg . For those that would like more well documented history and facts, go to Miami, Craigslist, Politics and type in banksters for #1 through #68 pages of detailed truths. It will help to keep you from being ignorant like Bromley and Peter London. Smart American Are done With The Bulls**t Lies! Millions of us live by the Quote, ” Give me liberty, or give me death”. We all choose the former, unless we are forced otherwise.

  11. Bromley86 says:

    It will help to keep you from being ignorant like Bromley and Peter London.

    Umm, how do you know I’m not one of the crackpots like you? All I said was that Iceland hasn’t kicked out the “banksters” (or jailed them/confiscated assets/prevented from being directors/etc.).

  12. David Benson says:

    Excuse me Bromley you are absolutely right. I realized this just after my posting. I meant Fisy and Peter London. Also I meant To put an s at the end of “smart American” So please forgive me Bromley. But, just “how bad do you hate the Romans? Do you really , really, REALLY HATE the Romans?” Monty Python

  13. Peter London/Krakow says:

    “our founding for fathers”

    You use the founders of a criminal corrupt nation (whose master plan was to prevent the immenant abolishion of slavery and rob the American natives) as an example?? American was founded by the same scum who are now running it, don’t forget tha.

  14. David Benson says:

    The same power playing Banksters and families that own you, (Unless your one of them), represent 99.99 percent of Americans. Your characterizing an entirely hyjacked country as in league with the abuses against humanity that THEY committed and continue to commit, is a rather ignorant of you Peter London. To presume the majority of people of any country have an alliance with those that control and manipulate it is just plain stupid.

  15. terry says:

    I realized this just after my posting. I meant Fisy and Peter London.

    Thanks to Wiki Benson for the references : ) You clearly recognise the shared views of Peter & Fisy !

  16. Fisy says:

    Terry wrote :
    >You clearly recognise the shared views of Peter & Fisy !

    Thank you for giving some well need humour to this thread Terry. It is not some time since I did laugh at a post for its humour contents.

    Where is Gummí when we need him ?

  17. Fisy says:

    David Benson, you could easily find me posting this quotes from Thomas Jefferson and from Robert Heinlein else where ( ” .. you can’t conquer a free man; the most you can do is kill him” ) but this is not place for some rants about ” banksters and the ” NWO “.

    http://www.icenews.is/index.php/2009/06/16/where-have-all-the-billionaires-gone/#comment-82877
    http://www.icenews.is/index.php/2009/06/16/where-have-all-the-billionaires-gone/#comment-82878

  18. David Benson says:

    Correction. ( DO NOT) Represent 99.99 percent of Americans.

  19. David Benson says:

    The way the entire earths inhabitants are being treated by this global elite, We ought to be uniting as ONE human family against the unjust ways of the BANKSTERS. All people in all countries share this threat. So your concern for proper placement of this issues seems out of balance with the urgent realities we are facing today. I am not here trying to sell icelanders freezers! I am here to share with a few readers the truth about my country, a country that was supposed to represent the best hope for freedom and liberty through out the world. If you presume everyone already knows this in your country why have we not united out of mutual concerns. Uniting with us and other countries around the globe to do something about it? It is a serious emergency. The whole picture is unjust and should be broadcast everywhere far and wide. But they have cornered the media markets and we the people are left with the internet. Why they probably have folks just like you and London on salary just to spin, manipulate, confuse, the truth being shared on the rare few outlets there are for real people, ( or to use a phrased coined on your side of the pond,) The Commoners to communicate on. You should be making copies and sharing them with everyone. How many American do you know that have posted their gratitude towards Icelanders for setting a global precedence for routing out the, (literally) BLOODY BANKSTERS! With that I bid you all a good life and you will not be getting any more posts from me. I do wish your country the best in your efforts in maintaining your freedoms in Life, Liberty and the pursuit of Happiness.

  20. Peter - London/Krakow says:

    David Benson:
    Iceland problems are entirely its own citizens making. They took advantage of ‘international bankers’ and stiffed them.

    They left the bill with Iceland population however.

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