July 11, 2005 - Iceland Review Skip to content

July 11, 2005

Baugur to publish charges

According to Iceland State Radio, RÚV, and the Financial Times, Jón Ásgeir Jóhannesson, CEO of Baugur, will “publish the full details of the 40 charges made against him and five associates in Iceland” this week.

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Time-out for Baugur

In an article in yesterday’s Sunday Times, the paper says that Jón Ásgeir Jóhannesson, CEO of Baugur, who is facing charges of fraud and embezzlement, “will not make any big-name bids until his name has been cleared.”

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Summerhouse boom

The building of summerhouses is at an all-time high in Árnessýsla where, currently, 700 new summerhouses are being built.

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