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Many Cases Investigated in Relation to Banking Crash

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Many Cases Investigated in Relation to Banking Crash

The Icelandic Financial Supervisory Authority has referred 27 cases in relation to the banking collapse to the Special Prosecutor this year, five to the Attorney General and two to the National Commissioner of the Icelandic Police’s economic crime department.

Photo by Páll Stefánsson.

Many of these cases are considered serious, which could result in years of imprisonment. A number of smaller cases have been handled with fines. In total, the Financial Supervisory Authority has investigated 84 cases in relation to the banking collapse this year, RÚV reports.

“There is more in the pipelines, a few more cases will sent in the coming days and weeks,” said director of the Financial Supervisory Authority Gunnar Th. Andersen. “Then there is a large pile of cases that we will investigate for the remainder of this year and next year.”

Click here to read more about the investigation of the banking collapse.

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