iPlayer Radio What's New?
Image for Iceland's special prosecutor speaks.

Play now 18 mins

Iceland's special prosecutor speaks.

18 minutes
First broadcast:
Wednesday 11 November 2009

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'.


Free download

  1. Image for BBC Business Daily

    BBC Business Daily

    Examining the big issues facing the global economy, Business Daily demystifies the world of money.…

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Added. Check out your playlist Dismiss