We are very pleased to be able to inform you that the Icelandic Central Bank has finally admitted that its allegations against Samherji’s subsidiary, Kaldbakur ehf. were unfounded. Consequently the Central Bank has dropped the case, after an investigation lasting for nearly 60 months. It should be mentioned at this point that the case related to two bank transfers, one of which amounted to 1,500 NOK (ISK 19,700), cf. accompanying section from a letter written by the Governor of the Central Bank. The company had complied with the bank’s request and submitted all documentation required by the bank. Thus, these documents were not confiscated in the house search. On the basis of those documents, the bank submitted two charges to the police.
With this decision, the Central Bank has finally closed its cases against Samherji and affiliated companies. An unresolved issue, however, relates to a nullification case currently being conducted in the Reykjavík District Court with regard to an inappropriate fine imposed on Samherji by the Central Bank in September this year. We remain optimistic that this case, also, will be concluded as a complete victory for us.Read more