Posting will be infrequent in the next few days. Here is the “good” stuff from Wikileaks. Zasically the email issue shows that once Icelandic political parties are in government they stop caring about openness and transparency.Look, a bankrupt businessman goes to Russia in the nineties to set up an alcohol bottling plant. Amazingly escapes contact with mafia and then returns home as the new owner of a newly privatized bank. Whose privatization was overseen by the political party which he has supported so engagingly.
Russian connections??? What a surprise?
From the Euromoney article:
Is it a good idea for such a large stake in the bank to be controlled by individuals with no track record in banking? And what’s the background of these people who apparently earned their fortune in the beverage business in Russia? Indeed the validity of their first, key acquistion in Russia – a soft drinks bottler in St. Petersburg – has been challenged vigorously in Russian and Icelandic courts by the original owners.
Paylaş:
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