Withdrew 40 million from his mother's death

A man has been charged with bankruptcy and money laundering for withdrawing over ISK 40 million from his mother's death estate.

The man was the agent of heirs in a private change in his mother's death estate and is blamed for having attracted himself in seven cases, and used unauthorized for his own benefit, funds from the bank account of the estate.

The mother died at the end of 2018 and the man should have withdrawn the money during the period June 3, 2019 through April 25, 2021.

Deposited money on her daughter

These were cash audits, which amounted to just under ISK 26 million and transfers on their own bank account, which amounted to just over ISK 14.3 million.

The death estate was, according to the claim of the magistrate, made public exchange with the ruling of the Reykjavík District Court on January 24, 2022.

The man is also charged with money laundering, but he deposited five million krónur into his daughter's bank account and then transferred over ISK 14 million of his own account into another bank account in his possession.

The case should be brought in the District Court of Reykjanes, but the man resides in the Suðurnes region.