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I wonder if the law will be as harsh on him as it was on the bankers they jailed.
by markwaldron 11y ago
I wonder if the law will be as harsh on him as it was on the bankers they jailed.
- halviti 11y agoTechnically he hasn't been publicly accused of doing anything illegal. Someone would have to make the case that his holdings in this offshore company actually did influence the decisions made regarding the banks during the crisis, and nobody is doing that just yet.
- mortehu 11y agoHe is accused of not disclosing his 50% stake in Wintris when he is elected to parliament in April 2009, in violation of a law requiring all members of parliament to report companies of which they own more than 25%. (I can't find the law in question.)
- halviti 11y agoSort of. He signed his 50% share over to his wife the day before that law went into effect, so 'technically' he didn't violate it. Luckily the public doesn't care much for these sort of technicalities as everyone can see the obvious conflict of interest that was trying to be hidden.
- makomk 11y agoI'm not sure he even violated the spirit of that law. The offshore company in question was set up by his independently wealthy wife in order to invest her family fortune, and if the authors of that law didn't think politicians' partners' investments needed disclosing, well...
- retube 11y agoHas he actually done anything illegal? Avoidance is legal. Evasion is not.
- Nihilartikel 11y agoMy vague understand is that he held a carefully undeclared stake in the blatantly felonious Icelandic bank that he procured a bail out for.