Arnold Schilder, former head of the inner supervision of the Dutch Central Bank said the Icelandic Central Bank had lied about the situation of Landsbanki’s Icesave savings scheme up until the banking collapse of October 2008 during a parliamentary inquest into the global credit crisis in the Netherlands yesterday.

“I have to say that our Icelandic colleagues were not telling us the truth. We often asked them straight out how it was going and they always answered with Hallelujah stories, that nothing was wrong. Not even in August and September 2008,” Schilder told the parliamentary committee, RÚV reports.

Schilder said Nout Wellink, the president of the Central Bank of the Netherlands, had also received similar answers.

Wellink was also called before the parliamentary committee yesterday to discuss other aspects of the crisis. On Thursday he will answer the committee’s questions about Icesave. That day, Dutch Minister of Finance Wouter Bos will also be called before the committee.  02-Feb-10.

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