Former Icelandic Prime Minister Geir H. Haarde found not guilty

The Landsdómur trial against former Icelandic Prime Minister Geir H. Haarde came to end today with him being found not guilty on all major counts.

The indictment against the former PM stipulated that he should have done something to decrease the size of the Icelandic banking system.

In addition, it was stipulated that he should have moved the ICESAVE accounts from the Icelandic bank Landsbanki to the British registered Heritable Bank, in order to move the jurisdiction outside of Iceland.

Despite the not guilty verdict, Geir was found partially guilty on the last count, which dealt specifically with formalities of Parliament meetings.

In a statement following the verdict, Geir said that this case had all along been a political trial and the members of Parliament that started this case should all resign in light of the court’s verdict. He said, it’s “a slap in the face for those people.”

Although found partially guilty on a small part of the indictment, the verdict said that he will not receive any punishment and is consequently a free man.

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