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.
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