Iceland’s Stapi may appeal after court awards ex-Chief Executive EUR 188,000 in lost salary

Pension fund declares itself “disappointed” about a legal ruling that it should pay millions of Icelandic krónur to Kári Arnór Kárason — the chief executive who resigned early last year over his involvement in the Panama Papers scandal.

Pension fund Stapi, which is located in Akureyri in the far north of Iceland, has been ordered by a district court to pay its former chief executive Kári Arnór Kárason more than ISK 23 million (EUR 188,000) in accrued wages plus penalty interest on the sum and ISK 2 million in legal costs.

Kárason resigned from the pension fund in the spring of 2016, after his involvement in the Panama Papers scandal came to light.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Further reading

Latest news

Watch job

See all jobs

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch