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    Baugur CEO guilty of false accounting

    Baugur CEO guilty of false accounting

    Company has investments in UK retailers

    Author Date published May 3, 2007 Categories

    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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