Jailed Bankers To Be Freed
Source: Grapevine.is
Three jailed Kaupthing bankers will be freed today due to a change in legislation.
Former Kaupthing Chairperson of the Board Sigurður Einarsson, former Kaupthing Luxembourg CEO Magnús Guðmundsson and former 10% owner of Kaupthing Ólafur Ólafsson will all be released from Kvíabryggja prison today, Stundin reports, on account of a change to the law. They will instead move to a halfway house, Vernd, where they will have to return every night but will otherwise be free. A member of parliament has criticised the legislation is being handcrafted for these bankers.
Their early release is due to a change to the law on maximum penalties. While the law previously granted prisoners 2.5 days of electronic surveillance for every month served, the change increased that time to 5 days. According to Stundins sources, it was Independence Party MP Unnur Brá Konráðsdóttir who fought for the changes to be made, which were passed on March 16.
I dont think this is a good time for this legislative change, in light of the situation surrounding these particular prisoners, Left-Green MP Bjarkey Olsen Gunnarsdóttir told reporters. This seems to have been handcrafted for them. I generally support the increased use of electronic surveillance [as opposed to prison]. But we need to have a discussion about what crimes this new law would apply to.
Read more: http://grapevine.is/news/2016/04/07/jailed-bankers-to-be-freed/