Saturday, February 5, 2011

Iceland Shows Zero Tolerance and Arrests Bankers

Iceland Shows Zero Tolerance and Arrests Bankers

Iceland’s special prosecutor into the banking crisis has confirmed that raids have taken place today and that arrests have been made. The CentralBank of Iceland is among the institutions under investigation.
Special Prosecutor, Olafur Thor Hauksson told Visir.is that house searches are taking place in at least three places today as part of investigations into the central bank, MP Bank and StraumurBank.

Stefan Johann Stefansson at the central bankconfirmed that agents were in the building conducting searches; and it has also been confirmed that searches are underway at MPBank and ALMC (formerly Straumur).
An ALMC spokesman said that the premises are indeed being searched and that the bank’s staff members are doing their best to help.
In other news, four people have so far been arrested today in connection with the special prosecutor’s investigation into Landsbanki.
One of the arrested parties is Jon Thorsteinn Oddleifsson, former Landsbanki treasury boss; and it is not yet known who the other three are.
According to Visir.is sources, the arrests concern a brand new section of the wider case against thebank and are not directly connected to searches and arrests made last week.

Read more: http://www.icenews.is/index.php/2011/01/20/more-icelandic-bankers-arrested/#ixzz1BkBbdMqA

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