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Former Bank CEO Arrested By Icelandic Authorities

Icelandic authorities arrested the former chief executive of collapsed bank Kaupthing on Thursday

— the first high profile banker to be detained in the wake of the tiny Nordic country’s financial crisis.

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The special prosecutor tasked with investigating the Icelandic banking crash of October 2008 said that Hreidar Mar Sigurdsson is suspected of falsifying documents and breaking laws on stock trading for personal gain.

[  … fancy that … ]

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