Categorized | General, Iceland, MBL

Iceland bank crash investigator in the FT

FTBritish newspaper The Financial Times is running an article about Olafur Thor Hauksson, Iceland’s Special Prosecutor investigating the banking crisis. In the article Eva Joly, the famous fraud investigator and Hauksson’s key international adviser, complimented him as “very hard working and very honest”.

Joly illustrates her point by saying that despite working in Reykjavik and living in Akranes and despite occasional weather that can seriously inhibit driving, Hauksson has never been away from the office for more than half a day.

The article also quotes Joly as saying the investigations will take around five years to complete, Visir.is reports.

The FT article states that some doubt Hauksson’s ability to successfully lead the investigation – pointing to the fact that his previous experience is only as police chief in a town of 6,500 people.

Hauksson is interviewed in the article; undisturbed by the pressure, he feels he has grown well into his new job and asks people simply for patience. He says he and his staff have been working hard to first fully see the big picture before zooming in closely.

The original FT article can be read here.


5 Responses to “Iceland bank crash investigator in the FT”

  1. Jim says:

    I like the “WE WANT SUNSHINE” protest placard in that FT article…

  2. Fisy says:

    >Eva Joly, the famous fraud investigator and Hauksson’s key international adviser, complimented him as “very hard working and very honest”.

    My respect for Eva Joly increases by month.

    >The FT article states that some doubt Hauksson’s ability to successfully lead the investigation

    Is that worry that he will not find any thing except more that makes EU commission and Uk regulators look more bad than already they have been ?

    Really the FT is so Europhileic now that many has switched over to reading City AM instead http://www.cityam.com/ .

    When I read article there it is like more reading articles in UK Guardian except every one still believes that FT is on side of bankers and other City capitalists. Nothing could be further from truth.

  3. Bromley86 says:

    Is that worry that he will not find any thing except more that makes EU commission and Uk regulators look more bad than already they have been ?

    I doubt that Fisy. Firstly, the context makes it perfectly clear that the the doubts have come from Icelanders and are related to his previous experience. Secondly, AFAIK that’s not his job. He’s not meant to produce a report apportioning blame, but rather to investigate things like the dodgy share sales/purchases, dodgy loans, etc.

    It really does beggar belief that you appear to honestly believe that everything was both legal and ethical. And kudos on managing to shoehorn your EU-phobic views into an unrelated thread :) .

  4. Bromley86 says:

    Hauksson on the BBC iPlayer, 07:44 onwards (first section was Arman Thorvaldsson):
    http://www.bbc.co.uk/programmes/p004v8×7

    Concentrates on Kaupthing. Market manipulation. Cases will begin to be concluded “within a year”.

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