Iceland’s Special Prosecutor Proceeds with Questioning Skip to content

Iceland’s Special Prosecutor Proceeds with Questioning

By Iceland Review

Special Prosecutor Ólafur Thór Hauksson, who is responsible for investigating the banking collapse in Iceland in 2008, questioned a number of people last weekend to make good use of the time while former Kaupthing directors Hreidar Már Sigurdsson and Magnús Gudmundsson are in custody.

The headquarters of Kaupthing, now Arion Bank, in Reykjavík. Copyright: Icelandic Photo Agency.

Ten to 15 employees of the Special Prosecutor’s Office helped with the questioning last weekend, Morgunbladid reports.

Most of the people who have been called into questioning have responded, said Hauksson. He is unwilling to reveal the identities of the people who have been questioned and of those who have yet to be questioned.

“This is an investigation which changes along the way and we cannot reveal information on planned investigation methods because then we might end up with empty hands,” Hauksson explained.

However, it has been reported that former Kaupthing chairman Sigurdur Einarsson is expected to be questioned.

Sigurdsson and Gudmundsson were arrested after questioning on Thursday last week and taken into custody the following day. According to Morgunbladid, both men have appealed the ruling to the Supreme Court.

They are currently in solitary confinement in Litla-Hraun, Iceland’s maximum security prison. Sigurdsson will be held in custody for 12 days and Gudmundsson for seven.

Banque Havilland in Luxembourg, of which Gudmundsson was director, announced on Friday that he had been made redundant and that Jonathan Rowland has taken his place, reports.

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