Tuesday, May 08, 2007
Well, who woulda thunk it?
FT.com: Baugur chief guilty of false accounting
The founder of Baugur, the Icelandic investment group that has been a voracious acquirer of UK retailers, was found guilty on Thursday of false accounting in a Reykjavik court after a five-year legal battle. Jón Ásgeir Jóhannesson, chief executive of the group, whose investments range from the Hamleys toy store to House of Fraser department stores, was given a three-month suspended prison sentence after being found guilty of a charge of false accounting relating to a credit invoice for $589,890 (£296,771).
Posted by lvmreader @ 09:17 PM (156 views) Add Comment
3 Comments
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1. nearly30 said...
Did he lose his job? I bet if I did that I would go to jail for 2 years, lose my job and be forced to pay it back - with interest!!!
2. harold said...
Well, when you do this sort of thing they either give you a knighthood or put you in jail - he just got unlucky.
3. inbreda said...
God only knows what kind of dodgy money he has pumped through the channel islands offshore tax havens. Probably robbed innocent people of billions.