Media:
Listen now (20 minutes)
Availability:
Available to listen.
Last broadcast on Thu, 12 Nov 2009, 02:40 on BBC World Service (see all broadcasts).
Synopsis
The story of Iceland's banks is not just about poor lending practices and a banking sector which had hugely outgrown the country's actual size. Many Icelanders feel there must have been something else behind the huge collapse. Earlier this year, the prime minister appointed a special prosecutor to investigate suspicions about the faking of loans and the ramping up of bank share prices. Olafur Thor Hauksson is the man; he was courted for the job when no one else applied for it. His background is as a small-town police chief with no experience of high finance. Asked when cases may come to court, he tells Business Daily 'within a year'.
Broadcasts
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Wed 11 Nov 200908:32
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Wed 11 Nov 200919:40
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Thu 12 Nov 200902:40
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