Iceland bank investigator freezes assets in case

baldur-gudlaugssonThe office of Iceland’s special prosecutor into the banking crisis has for the first time used its powers to freeze personal assets.

Stod 2 News reported last night that the office of Olafur Thor Hauksson has ordered the immediate freezing of Baldur Gudlaugsson’s accounts. Gudlaugsson is the former permanent secretary at the Ministry for Finance who sold his shares in Landsbanki immediately before the bank’s collapse. Stod 2 reported that the amount frozen is equivalent to the amount the shares’ sale generated.

When interviewed by Stod 2, Olafur Thor Hauksson would not confirm how much money has been frozen or whose money it is. He said those details will be made public as soon as the issue has gone to court.

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