Iceland bank execs were bugged for evidence

It has been revealed that the Icelandic police used listening devices and telephone tapping in their investigation into the actions of banking executives.

The police tapped telephone calls and bugged meetings of former executives at one of the fallen banks as part of a criminal investigation which took place long after the crash of 2008.

The bankers only recently found out about the eavesdropping when recordings were played back to them during interrogations with the special prosecutor, according to a Morgunblaðið report.

Police hid their recording devices at an office where the men held meetings. When they claimed forgetfulness during the special prosecutor’s questioning, it was decided to play several of the recordings back to them.

Special prosecutor into the banking crash, Ólafur Þór Hauksson was quoted as saying his office uses all available tactics when gathering evidence for cases. Phone tapping and covert recording are only permitted under licence from a court of law, according to RÚV.

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