Hunt for Icesave, Fin Min and President Don’t Speak Skip to content

Hunt for Icesave, Fin Min and President Don’t Speak

By Iceland Review

Minister of Finance Steingrímur J. Sigfússon said in an interview with Sölvi Tryggvason on his chat program Spjallid med Sölva on the television station Skjár 1 on Wednesday that the Icesave money had gone through Landsbanki’s “vascular system” and that the resolution committee was tracking it down. It was also revealed that he and President Ólafur Ragnar Grímsson haven’t talked for one year.


Finance Minister Steingrímur J. Sigfússon. Photo by Páll Kjartansson.

“It’s like all other money, some of it went to Luxembourg and some of it ended up in Breidholt [a Reykjavík district],” Sigfússon commented, according to He added experts on behalf of the resolution committee are investigating where it went, “and even preparing actions to get it back.”

The minister assured viewers that the nation would be informed about where the money went as soon as the information is delivered to the parliament.

When asked about Grímsson’s comments on RÚV’s political chat program Silfur Egils on Sunday that he had made threats against the president, Sigfússon said he wouldn’t speak of confidential conversations.

Grímsson also stated that ministers had threatened to resign and even that the entire cabinet would step down if he didn’t confirm the Icesave legislation.

It was also revealed on Spjallid med Sölva that Sigfússon and Grímsson haven’t spoken since the president rejected the first Icesave legislation in January 2010. They used to attend private meetings on occasion but no such meetings have been held since.

Click here to read more about Icesave.

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