’Iceland model: How to deal with bankers should be standard for whole world’

In Iceland four former bank chiefs have been jailed for fraud - the sentences go as far as five years behind bars. They’re accused of concealing that a Qatari investor bought a stake in their firm, using cash lent from the bank itself - illegally. The deal took place just ahead of the collapse of the bank due to huge debts. RT talks to economic expert Charlie McGrath, founder of news website Wide Awake News about Iceland’s economy. RT: Subscribe to RT! Like us on Facebook Follow us on Twitter Follow us on Instagram Follow us on Google RT RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 1 billion YouTube views benchmark.