Icelandic news translated into English

November 12, 2008

Deposited 11 billion krónur to sjóður 9 after it was closed

Glitnir

Glitnir

The government deposited 11 billion krónur to money fund 9 in Glitnir after it was closed because Illugi Gunnarsson, Member of Parliament for the Independence Party, was a chairman for the fund. This is what Sigurður G. Guðjónsson, former chairman of Glitnir stated today in the news commentary Ísland í dag (Iceland today).

“The government put the money in this fund after it was closed specially,” said Sigurður and added that it was the decision of the Minister of Finance and the Prime Minister. He said that this was not done for any other funds.

Sigurður said it was clear that bank was already thought of as a property of the government at that time and the government did not want a fund closed that had a member of the Parliament as a guarantor.

Visir has tried to get in contact with Illugi Gunnarsson tonight with no results.

News Article by noname
Original Article in Icelandic

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