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An Icelandic court sentenced four former Kaupthing bankers to jail for market abuses related to a large stake taken in the bank by a Qatari sheikh just before it went under in late 2008.
None of the bankers, now based in London and Luxembourg, were present today.
After taking control of the banks, the government was forced to seek an International Monetary Fund-led loan to stay afloat, a programme the country exited in August 2011