Iceland has found nine senior bankers guilty for crimes relating to the economic meltdown in 2008. 
The Supreme Court in Reykjavik returned guilty verdicts for all nine defendants in the Kaupthing Bank market manipulation case, one of the biggest cases of its kind in Iceland’s history. 
Kaupthing was a major international bank headquartered in Reykjavik. For years it perused overseas expansion plans, but collapsed in 2008 under huge debts. 
It was taken over by the government in 2008 and domestic operations were spun into a new bank, which now goes under the name Arion Banki. 
The court trial of the case began in April 2015 and in June last year the Reykjavik District Council found seven of the nine defendants guilty, acquitting two.
But the Supreme Court overturned the acquittals on Thursday, finding the bank’s former credit representative, Björk Þórarinsdóttir, and former CEO of Kaupthing Luxembourg, Magnús Guðmundsson, also guilty, the Iceland Monitor reports. 
The six defendants …
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