Iceland's Supreme Court Upholds Jail Sentences of Four Banking Executives

25 Feb 2015

A+ A= A-
    Print this page      0 comments
0
     

The Supreme Court of Iceland last Thursday upheld the convictions of four former banking executives charged with market manipulations. Iceland has now convicted the top officers of all three of its major banks. Associate professor of Economics and Law, Bill Black, says Iceland is one of the hardest places in the world to achieve the successful prosecution of banking executives. But, contends Black, if Iceland could do it, the U.S., with all the resources of the FBI and Justice Department, more favourable laws as well as more favourable accounting principles, could also achieve the prosecutions of elite bankers.

© The Real News Network

You can find this page online at http://sacsis.org.za/site/article/2291.

A+ A= A-
    Print this page      0 comments
0
     

Leave A Comment

Posts by unregistered readers are moderated. Posts by registered readers are published immediately. Why wait? Register now or log in!