Natan Kolbeinsson, the former chairman of the board of Viðreisn in Reykjavik, has been accused of embezzling between four to five million krónas from the party's funds. The allegations surfaced during a review of the annual financial statements for 2025, which were expected to be presented at the party's annual meeting over the weekend. However, the meeting was postponed upon the discovery of discrepancies in the accounting records, prompting an internal investigation.

Svanborg Sigmarsdóttir, the executive director of Viðreisn, confirmed that the accused had transferred a substantial amount of money, totaling between four to five million krónas, into personal accounts between 2024 and 2026. He has reportedly acknowledged the violations and reimbursed the majority of the amount. Furthermore, he has committed to repay the remaining 1.7 million krónas still outstanding, thereby suggesting an attempt to rectify the situation.

The fallout from this incident raises significant concerns regarding transparency and management within political parties in Iceland. The case highlights the importance of strict financial oversight in political organizations and could potentially impact public trust in Viðreisn, especially given its aspirations in the Reykjavik political landscape. As the investigation progresses, it remains to be seen how it will affect the party's reputation and operations going forward.