Bjarni Benediktsson, current Iceland leader, sold millions of króna of Glitnir assets before state took control in 2008

The current prime minister of Iceland sold almost all his remaining assets in a major Icelandic bank’s investment fund on the day the government seized control of the country’s collapsing financial sector at the peak of the 2008 crash.

According to leaked documents, Bjarni Benediktsson, then an MP on the parliament’s economy and tax committee, sold several million króna of assets in the Glitnir bank’s fund in the final days and hours before an emergency law placed Iceland’s failed financial institutions under state control.

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