“This is one of the very biggest that we have gone into,” says Iceland’s Special Prosecutor into the banking crisis, Olafur Thor Hauksson about a large series of raids yesterday. Read the full story

Five British local councils and Oxford University are fighting to get their money out of the estate of Iceland’s failed Glitnir Bank – but the bank’s resolution committee does not want them to be classed as priority claimants. At least ISK 100 billion (USD 850.4 million) is at stake. Read the full story

A New York court has granted the Glitnir Bank resolution committee an extension until the 10th September to provide evidence against the motion for dismissal of their case put forward by defendants. Read the full story

Asgeir Margeirsson, CEO of Magma Energy Iceland, says he does not see what difference it makes which particular foreigners own the HS Orka geothermal company; but says it will fall into foreign hands either way. Read the full story

In the asset freezing case brought by Glitnir Bank against Jon Asgeir Johannesson, it was not known who had GBP 202 million in British bank accounts connected to Johannesson’s UK business. He now intends to bring charges against the head of Glitnir’s resolution committee for saying that he had the money himself. Read the full story

IceNews has received copies of bank statements from six banks which appear to prove that GBP 202 million which Glitnir Bank believes was in the possession of Jon Asgeir Johannesson, was actually always the property of Iceland Foods in the UK. Read the full story

Icelandic businessman Jon Asgeir Johannesson has paid the banrupt estate of Glitnir Bank USD 15 million, or around ISK 2 billion. Read the full story

The assets of former Glitnir bosses frozen by the Reykjavik District Commissioner amount to nearly a billion kronur (USD 7.9 million) and look set to include the former bank director’s house. Read the full story

Icelandic businessman Jon Asgeir Johannesson paid off his USD 10 million mortgage a few weeks ago. The mortgage on his luxury New York apartment was paid by bank transfer from his personal Royal Bank of Canada account. Read the full story

The domestic assets of Icelandic tycoon Jon Asgeir Johannesson are still frozen, despite the Director of Customs having retracted an asset freezing request. The Reykjavik District Commissioner froze the assets upon request from the Glitnir Bank resolution committee. Read the full story