| Author (Person) | Stothard, Michael |
|---|---|
| Series Title | Financial Times |
| Series Details | 24.4.12 |
| Publication Date | 24/04/2012 |
| Content Type | News |
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Geir Haarde, the former prime minister of Iceland on trial for his handling of the banking crash was found guilty in April 2012 of negligence in a verdict that some opposition parties hoped would spur political reform. A special court found Geir Haarde, the world’s first leader to be put on trial in connection with the global financial crisis, guilty of failing properly to inform other ministers of the potential troubles brewing for the small island. But Mr Haarde was cleared of other, more serious charges against him, including failing to move Landsbanki’s UK Icesave accounts into a subsidiary, not reducing the size of the banking system, and failing to heed the warning of a 2006 government report. He would face no punishment and the government wwould pay all his legal costs, leading Mr Haarde to claim victory. Had he been found guilty on all counts, the prime minister could have faced up to two years in jail. |
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| Countries / Regions | Iceland |
