Iceland ex-PM Geir Haarde found guilty of banking crash failure

Iceland ex-PM Geir Haarde found guilty of banking crash failure

 
Former prime minister neglected to hold emergency cabinet meeting. But court clears him of more serious charges

 

Geir Haarde

guardian.co.uk
Monday 23 April 2012
 

Geir Haarde, the former prime minister of Iceland and the only politician in the world to face prosecution for his role in the 2008 financial crisis, has been found guilty of failing to hold emergency cabinet meetings in the runup to the crisis. But he was cleared of three more serious charges, which could have jailed him for two years.

Haarde, who served as prime minister between 2006 and 2009, had pleaded not guilty to all the charges, including gross negligence over the government’s failure to prepare for the impending disaster.

Haarde attacked the guilty verdict as “absurd”, and accused the judges of bowing to political pressure. “It is obvious that the majority of the judges have found themselves pressed to come up with a guilty verdict on one point, however minor, to save the neck of the parliamentarians who instigated this,” he said outside the country’s specially convened Landsdómur criminal court in Reykjavik.

Haarde was the first person in history to stand trial at the 15-judge court, which was created in 1905 to hear any charges brought against ministers.

Read more: Iceland ex-PM Geir Haarde found guilty of banking crash failure

 

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