TV-station, Stöd 2, reported yesterday on its evening news broadcast on the “comprehensive coverage of the Baugur story in the British media.”
Following the resignation of six out of seven members of the board of directors, the shareholders of FL-Group elected a new board at an extraordinary shareholder meeting on Saturday.
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.
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.”
In the last six years, jobs in the fisheries and in industry have decreased. According to Iceland State Radio, RÚV, the high exchange rate of the Icelandic króna (ÍSK) and high salaries are to blame.
The building of summerhouses is at an all-time high in Árnessýsla where, currently, 700 new summerhouses are being built.
