Lawyer for Rød Larsen resigns as head of the Financial Supervisory Authority Appeals Committee
Kåre Idar Moljord has resigned from his position as head of the Financial Supervisory Authority Appeals Committee to protect its integrity amid external controversies surrounding Terje Rød-Larsen.
Kåre Idar Moljord, the lawyer who assisted Terje Rød-Larsen in purchasing a property in 2018, announced his resignation from the position of head of the Financial Supervisory Authority Appeals Committee. This decision comes amid concerns that external matters may influence the committee's public mission, reputation, and integrity, as stated by the Norwegian Ministry of Finance. NRK reported this development on Monday, further highlighting the importance of maintaining the trust associated with such regulatory bodies.
The Norwegian Ministry of Finance acknowledged Moljord's resignation, indicating their acceptance of his decision. The backdrop to this resignation includes troubling allegations regarding the sale of an apartment by shipowner Morits Skaugen to Rød-Larsen and his partner, Mona Juul, at half of its market value. Skaugen previously claimed that he was coerced by Jeffrey Epstein into making the sale at this significantly reduced price, painting a complex picture filled with external pressures and concerns about ethical standards in financial dealings.
This event gathers significant attention not only for the implications it holds for the individuals involved but also for the broader reputation of the Financial Supervisory Authority. The committee plays a crucial role in upholding financial regulations in Norway, and any perceived threats to its integrity may lead to increased scrutiny of its operations, potentially influencing public trust and compliance within the financial sector.