The bankers ordered to pay 150 million dollars

A director and two senior members of the board of the faroese Eik Banki sentenced Monday to replace the loss of 150 million crowns.

the Court of the Faroe islands have thus given the state company Financial Stability unsuccessful after a trial that has put up 45 proceedings.

The three must each pay a third, according to the judgment.

However, there is a fourth man who was also a defendant, acquitted of having to pay compensation.

He also had the title of director, but did not have an overall responsibility for kreditsagsbehandlingen and had also not participated in the specific events to which the case has been about the court.

Eik Bankis leadership did not show sufficient care and caution in the context of some specific loans.

the Bank undertook an imminent risk of loss, but failed to ensure that funding was organised, so that the risk was eliminated.

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