From Iceland — 50 Defendants In ISK 800 Million Money Laundering Case

50 Defendants In ISK 800 Million Money Laundering Case

Published December 7, 2020

Photo by
James Cridland/Creative Commons

RÚV has reported there are now 50 defendants in the extensive money laundering case where over 800 million ISK was laundered. This case may be connected to drug smugglers in South America.

This investigation, which is being carried out by the District Prosecutor, has already been going on for one year, and is currently focused on discerning the connection between the fifty defendants, most of whom are in their 20s and 30s.

One man and one woman who were accused laundering 27 million ISK in connection to this case have been formally charged. It is not known if all those who are suspected of money laundering have yet been apprehended.

It has been alleged that this case is related to links that South American and European operations have to Icelandic drug smugglers. Investigations are still ongoing.

Note: Due to the effect the Coronavirus is having on tourism in Iceland, it’s become increasingly difficult for the Grapevine to survive. If you enjoy our content and want to help the Grapevine’s journalists do things like eat and pay rent, please consider joining our High Five Club.

You can also check out our shop, loaded with books, apparel and other cool merch, that you can buy and have delivered right to your door.

Support The Reykjavík Grapevine!
Buy subscriptions, t-shirts and more from our shop right here!

Show Me More!