Decode CEO Wants Financial Information from President Skip to content

Decode CEO Wants Financial Information from President

By Iceland Review

Decode CEO Kári Stefánsson writes an article in Morgunblaðið today, where is insists that Iceland’s President Ólafur Ragnar Grímsson inform the nation about his and his wife’s finances, Eyjan reports. First Lady Dorritt Moussaieff moved her legal residence to the UK on December 27, 2012.

At the time, she wrote, “When it appeared my husband would no longer be president, I made arrangements to be better able to attend to my former job in London, especially in light of the fact that my parents, who have run the family company, have reached old age.”

According to Vísir, Dorrit’s parents are collectors of jewelry and financially well off, so well, indeed, that their name has been mentioned among the world’s wealthiest families.

In a CNN interview with Christiane Amanpour on Friday last week, Ólafur Ragnar, who is running for the sixth term as president, was asked, “Do you have any offshore accounts? Does your wife have any offshore accounts? Is there anything that is going to be discovered about you and your family?” to which he answered, “No, no, no, no, no, that’s not going to be the case.”

“Everybody has to be accountable to the people in a way that the people can for themselves see,” Ólafur Ragnar responded in the interview, when asked about the Panama Papers, documents leaked from a notorious Panama law firm, which led to the resignation of Sigmundur Davíð Gunnlaugsson, who, along with his wife, was found to be connected to a company on Tortola.

Kári would like more information regarding the president’s finances. He writes, “Among his financial interests are assets registered in his wife’s name or that of her family. The reasoning that those are her assets, but not his, does not work. It didn’t work for Sigmundur Davíð and it won’t work for Ólafur Ragnar.”

Kári continues, “What are their assets? How and where are they kept? Have the couple invested in something which could lead the nation to believe that their interests go against those of the nation? Do they, for instance, hold claims against the failed Icelandic banks, or have they taken a position against the Icelandic króna?”

Kári has no doubt, he asserts, the answer to those questions is no, but he wants the president to “explain to the nation why the decision was made not to pay public dues in Iceland on the assets they keep abroad.”

Finally, Kári writes he hopes Ólafur Ragnar will answer his request, for otherwise “it will be next to impossible for us, his many admirers, to help him turn Bessastaðir [the presidential residence] into a home for the elderly.”

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