Posted on 04/03/2016 11:17:33 PM PDT by The Spirit Of Allegiance
A storm is coming By Frederik Obermaier and Bastian Obermayer
The interrogation room in which Iceland’s recent history was rewritten is sparse, furnished only with a table, some chairs, and a computer. A camera is fixed to the wall, and the frosted, double-glazed windows have completely blocked out the sound of the gale-force winds in Reykjavik’s Faxafloi Bay.
It was in this room that some of Iceland’s most powerful bankers, executives, and investors had to answer to special investigator Olaf Hauksson. A tall man with a heavy build, Haukkson has spent the past six years investigating the transactions that brought Iceland’s economy to its knees in October 2008.
At the time, the country’s three biggest banks folded within just three days, in part because their senior executives had illegally doctored the stock listings of their own banks. “Market manipulation”, as Hauksson curtly calls it.
When asked what happened to the three bank bosses in the end, Hauksson grins. “They all went to jail,” he says, pointing to the empty chairs. “They sat right there.”
Olafur Hauksson has only just begun to wrap up proceedings for the biggest scandal in Iceland’s history. And it’s entirely possible that the publication of the Panama Papers will trigger the next one.
Another storm
The names of several Icelandic public officials show up in the internal documents of Mossack Fonseca (Mossfon), the Panamanian offshore provider. Among them are Prime Minister Sigmundur David Gunnlaugsson, Finance Minister Bjarni Benediktsson, and the Minister of the Interior, Ólöf Nordal. The data reveals that all three politicians have links to anonymous offshore companies, which they have neglected to disclose. The Panama Papers also include the names of Hrólfur Ölvisson, chairman of the prime minister’s Progressive Party, several of Iceland’s wealthiest...
SNIP - much more at site.
(Excerpt) Read more at panamapapers.sueddeutsche.de ...
“Burning down the house in 2016”
War is coming, and part of the motivation will be to bury these banking scandals under the rubble and ashes.
http://www.freerepublic.com/focus/f-bloggers/3400227/posts
AMEN!!
bttt
There are so many potential culprits, Idi Amin, Arafat, Putin, etc. Do you have any likely candidates?
There is a big difference between hard earned cash, and cash stolen from people and organizations who trusted you. I wonder if they will find any Bernie Maddof money to return to his victims?
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