The Supreme Court of Iceland has upheld the Reykjavik District Court decision not to stop the Special Prosecutor’s investigation into former government secretary Baldur Gudlaugsson.
Gudlaugsson had hoped the court would force the investigation into the sale of his Landsbanki shares immediately before the crash to stop. Iceland’s FME financial regulator had previously informed Gudlaugsson that the investigation had ceased; but the Special Prosecutor into the banking collapse continued looking into the matter.
The court judgement indicated that the investigation can continue because the FME closure notice included the clause that the investigation could continue if new evidence or information came to light.
Previous IceNews coverage of this case can be seen here.