Former Central Bank of Iceland bosses could be charged

alþingi1The Icelandic parliamentary committee looking into the recent bank crisis report has decided to forward specific feedback to the state prosecutor regarding public officials the report describes as incompetent. The move could potentially lead to criminal trials.

The move specifically concerns the three former joint governors of the Central Bank of Iceland; David Oddsson, Ingimundur Fridriksson and Erik Gudnason and the former head of the FME national financial regulator, Jonas Fr. Jonsson. The parliamentary committee cannot directly influence the state prosecutor’s investigations but its opinions and any evidence it provides could prove important.

According to the parliamentary committee’s job is to sift through the huge report and provide specific feedback on behalf of the Icelandic parliament, Althingi.