Iceland's Ex-PM Guilty on 1 Count in Banking Crisis

Geir Haarde cleared on four other charges
By Newser Editors and Wire Services
Posted Apr 23, 2012 10:02 AM CDT
Iceland's Ex-PM Guilty on 1 Count in Banking Crisis
Iceland's former Prime Minister Geir Haarde speaks to the press on September 5, 2011 at the Icelandic Culture House in Reykjavik during his trial.   (Getty Images)

A special court today found a former Iceland prime minister guilty of one charge related to the nation's banking crisis but cleared him of four other charges. Geir Haarde will face no punishment, and the state will pay his expenses in defending the case. Haarde, who led the government from 2006 to 2009, was the first government leader anywhere to face criminal prosecution because of the global banking crisis. The 15 members of the Landsdomur, a special court founded in 1905 to deal with criminal charges against Icelandic government ministers, returned a 500-page verdict, but only a brief summary was announced in public. (More Geir Haarde stories.)

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