The offices of a firm of lawyers, Logos, and a house belonging to its chief executive, Hannes Smarason, have been raided by police looking into the sales and re-sales of Sterling Airlines, a Danish carrier that failed last year. The company’s collapse in October with debts exceeding £1bn was the first domino to fall in [...]

One major factor in why people should think twice about voting for the same old parties is that they haven’t managed to be transparent about who are paying their way.  Fortunately Channel 2 has decided to inform voters about the six politicians from the Independence Party, Social Democrats and the Progressive Party who were sponsored [...]

After accepting over 70 million ISK in the last campaign year from Landsbankinn and the controlling owners of Glitnir (FL Group) when it was considered normal to accept donations of 300.000-500.000 ISK, how on earth was the government of the Independence Party and Social Democrats supposed to rein in the banks on the way to [...]

Trustworthy?   Right now the nation is waiting on the most useless information ever from the Progressive Party. Who were their largest donors in the last few years? Even though the party will open up its books, the sensitive info will be nowhere to be seen.

Glitnir The Independence Party might have enough on their plate with the scandal surrounding the donations from FL Group and Landsbankinn. Andri Ottarsson has resigned as the CEO, issuing a statement saying he had nothing to do with the donations but he still wanted to resign to help the party regain some credibility (why is [...]

The significance of the relevation behind the Independence Party’s acceptance of 55 million ISK from FL Group and Landsbankinn should not be underestimated. It is one of the biggest newsstories in Icelandic history. Here is why: FL Group was a company listed on the Icelandic Stock Exchange where Jon Asgeir Johannesson of Baugur Group and [...]

The relevation of Morgunbladid that the facilitator of FL Group’s 30 million ISK donation to the Independent Party, then Health Minister Gudlaugur Thor Thordarson is quite interesting on many levels. FL Group tried to save its own skin by acquiring a 20 year exclusive contract with Reykjavik Energy that would bring the intellectual rights of [...]

The biggest story this week was the relevation that the Independence Party accepted two enormous donations from FL Group and Landsbankinn in 2006. At the same time, Geir Haarde was behind a bill in parliament that would limit individual donations to political parties to 300.000 ISK. The FL Group donation of 30 million ISK was [...]