The leaked document also reveals the extent to which Kaupthing had been lending to those with a major economic interest in the bank’s shares. For example it sets out a complex web of loans and shares posted as collateral between the bank, holding company Exista, which owned 23% of Kaupthing, and Exista’s controlling shareholders Agust and Lydur Gudmundsson.

From The Guardian

Related posts:

1. New Kaupthing Reports Exista, Deloitte and Logos To Special Prosecutor
2. How Long Are The Bakkavor Brothers Going To Get Away With It?
3. Good friends at Kaupthing
4. Investigation into Kaupthing loans to UK retailer’s firm
5. Tchenguiz’s Icelandic saga with a bitter ending