Special Prosecutor: Many Cases in Final Stages Skip to content

Special Prosecutor: Many Cases in Final Stages

Ólafur Thór Hauksson, Special Prosecutor, intends to have completed several of the cases he is currently handling by the end of the month. He says that the majority of the cases that appear in the SIC report are already the subject of his attention.

The SIC report. Photo by Geir Ólafsson.

Processing the cases takes time and a great deal of care. He points out that he is still working in the same legal environment as existed when the collapse happened, ruv.is reports.

Hauksson says that research into the cases that his office is dealing with is at varying stages. Conceivably, some cases could be finished by the end of this month or the beginning of next month.

He says that his office is busy. A team of 25 are working hard to get to the root of these matters. The subject matter is complex and takes a long time [to deal with], and new cases are always being added.

The Director of Public Prosecutions analyses and summarizes which cases should go for further research and directs them to the Office of the Special Prosecutor.

The conclusion of the SIC is basically that the banks were emptied from within by their owners and that much of the responsibility lies with them and the governors of the banks.

Now, a year and a half after the collapse of the Icelandic economy, none of them have been held responsible and some have started new business adventures.

Hauksson understands this criticism but urges great care in his projects, which takes time. Economic crimes are very heavy to research, and demand a lot of staff. Thus the research takes a long time and needs to be done with care.

Despite the crash the legal environment is the same. A certain process is put into motion in conjunction with the research, and this takes time.

Hauksson says he understands the criticisms concerning this, but repeats the importance of meticulous attention in his line of work, which takes time.

Click here to read other stories related to the SIC report.

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