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Iceland's former PM to face charges over banking crisis
Date 29/09/2010 11:44  Author webmaster  Hits 1038  Language Global
29 SEP 2010

By Matej Hruska ¦ EUobserver

Iceland's parliament decided Tuesday (28 September) to press negligence charges against former prime minister Geir Haarde for his role in the island's economic collapse two years ago, a move that would make him the first head of state to be indicted for the global financial crisis.

After lawmakers voted unanimously to endorse findings of the "truth report" on the banking crisis prepared by the parliamentary committee they also took a vote on whether to recommend four ex- member of the government, including the former prime minister, for prosecution.

The parliament voted 33-30 to refer charges to the court against Mr Haarde, leaving him the only one to be officially investigated, as MPs declined to refer the former finance minister, former business minister and former foreign minister to a special court.

Mr Haarde, who took over as prime minister in 2006 and was ousted from power in 2009, faces up to two years in jail if found guilty by the special court, Landsdomur. The court has never been convened since it was set up in 1905 to try ministers who have allegedly failed in their duties.

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