Icelandic bankers’ wives invest in Spanish real estate

Three Icelandic women, all wives of prestigious former bankers at Kaupthing Bank, played key roles in the construction of luxury apartments in Spain, Icelandic partner Heimildin reports.

Anna Lísa Sigurjónsdóttir, Lovísa María Gunnarsdóttir and Þórhildur Einarsdóttir — whose husbands all received heavy prison sentences or were ordered to pay compensation after the bank collapsed in 2008 — together owned several companies registered in the British Virgin Islands, Cyprus, Denmark and Spain, according to Heimildin’s reporting.

Through Cyprus Confidential documents, Heilmildin traced the funds for the Spanish apartments from offshore accounts through Cypriot firms. The apartments have since sold for more than 150 million ISK, or over $1 million, each.