One of Iceland‘s most prominent pre-crash businessmen Ólafur Ólafsson was involved in a helicopter accident on Sunday evening. The former Corporate Viking crashed his helicopter while on a sightseeing tour of mount Hengill, south of Þingvallavatn National Park, the local news site visir.is reports. The helicopter was carrying five people. No one suffered critical injured in the accident which took place near the Nesjavellir geothermal area in the foothills of the volcano Hengill, south of Þingvallavatn Lake.
Ólafur is currently serving a 4.5 year prison sentence for his involvement in massive market manipulation of the shares of failed bank Kaupþing. After serving one year in a minimum security prison Ólafur was released to an open prison in Reykjavík along with the other top Kaupþing bosses who had been sentenced to prison.
Prisoners can serve as much as five days in an open prison or under electronic surveillance for every day served in a regular prison. The facility is supposed to help re-integrate the prisoners back into society, and they are allowed to be employed or attend studies approved by the prison authorities. Prisoners are free during the day, but must report to the prison at night no later than eleven.
Read more: Three bankers allowed to complete jail sentence on electronic monitoring
According to the local news site visir.is Ólafur was travelling with three Scandinavian business partners, and a pilot. The group had been sightseeing and was on their way back to Reykjavík when the accident took place. Three of the passengers suffered broken bones and other injuries. They were transported to the National University hospital in Reykjavík for treatment.
One of Iceland‘s most prominent pre-crash businessmen Ólafur Ólafsson was involved in a helicopter accident on Sunday evening. The former Corporate Viking crashed his helicopter while on a sightseeing tour of mount Hengill, south of Þingvallavatn National Park, the local news site visir.is reports. The helicopter was carrying five people. No one suffered critical injured in the accident which took place near the Nesjavellir geothermal area in the foothills of the volcano Hengill, south of Þingvallavatn Lake.
Ólafur is currently serving a 4.5 year prison sentence for his involvement in massive market manipulation of the shares of failed bank Kaupþing. After serving one year in a minimum security prison Ólafur was released to an open prison in Reykjavík along with the other top Kaupþing bosses who had been sentenced to prison.
Prisoners can serve as much as five days in an open prison or under electronic surveillance for every day served in a regular prison. The facility is supposed to help re-integrate the prisoners back into society, and they are allowed to be employed or attend studies approved by the prison authorities. Prisoners are free during the day, but must report to the prison at night no later than eleven.
Read more: Three bankers allowed to complete jail sentence on electronic monitoring
According to the local news site visir.is Ólafur was travelling with three Scandinavian business partners, and a pilot. The group had been sightseeing and was on their way back to Reykjavík when the accident took place. Three of the passengers suffered broken bones and other injuries. They were transported to the National University hospital in Reykjavík for treatment.
