BusinessCompany NewsBaugur CEO guilty of false accounting

Baugur CEO guilty of false accounting

Company has investments in UK retailers

A Reykjavik court has found
Jón
Ásgeir Jóhannesson
, the founder and chief executive officer of investment
group Baugur, guilty of false
accounting after a marathon five-year legal battle.

He was acquitted on 39 other charges.

He was given a three-month suspended prison sentence after being found guilty
of a charge of false accounting relating to a credit invoice for £296,771.

Baugur’s investments include Hamleys toy store and
House of Fraser department stores.

Further reading:

Overview: false start

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