Icelandic ministry worker could be suspended for insider trading

baldur-gudlaugssonIceland’s Minister for Education, Science and Culture, Katrin Jakobsdottir was asked about what is going to happen to Baldur Gudlaugsson, a permanent secretary at the Ministry currently embroiled in allegations of insider trading.

Jakobsdottir said that a decision will be taken this week as to whether Gudlaugsson will be suspended while Iceland’s Special Prosecutor into the banking collapse looks into the case. The office of the Special Prosecutor, Olafur Thor Hauksson is currently looking into the fact that Gudlaugsson sold his shares in Landsbanki right before the collapse last autumn and very shortly after having sat in on a meeting with British Chancellor Alistair Darling, DV reports.


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