BusinessCompany NewsBaugur bullish on false accounting fight

Baugur bullish on false accounting fight

Icelandic investment group confident of fending off false accounting allegations made against its chief executive

Baugur , the
Icelandic investment bank, has said it is ‘very confident’ of winning a supreme
court of appeal case against a three-month suspended sentence handed to its
chief executive for false accounting.

The group, which owns UK retailers such as Hamleys and Karen Millen, said it
was standing behind chief executive
Jon
Asgeir Johannesson
,
the Sunday
Times
reports.

Baugur said it was confident of overturning the verdict in the Iceland
supreme court in Reykjavik.

Further reading:

Baugur CEO guilty of false accounting

Find out more about
Hamleys

Learn more about
Iceland

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