Old Kaupthing bosses demand their wages

kaupþingSigurdur Einarsson, the former chairman of the board at Old Kaupthing has put in a claim for lost wages to the bank’s resolution committee amounting to ISK 244 million (USD 1.9 million). No claim has been received from former bank president Hreidar Mar Sugurdsson, however.

Inglofur Helgason, the former director of Kaupthing’s domestic operation in Iceland, has claimed wages worth ISK 81.5 million and Gudni Niels Adalsteinsson, the bank’s former CEO has claimed ISK 29 million.

Claims to Kaupthing’s resolution committee come from 119 countries, with roughly half from Germany in the form of interest claims. Among the biggest claimants are Icelandic businesses and individuals, Icelandic and overseas banks, as well as various overseas investment funds, mbl.is reported.

The total amount of claims received so far against the estate of Kaupthing is around ISK 7,316 billion using the Central Bank of Iceland exchange rate on the 22nd April 2009. The total claims amount is higher than total debts according to financial calculations from 30th June 2009.

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