Baugur accused of soliciting false financials, attacks media

Two former Baugur partners in the Faroe Islands have claimed during police questioning that the ex-CEO of Baugur, Tryggvi Jónsson, asked them to prepare a false promissory note to bolster Baugur’s accounts. Baugur CEO and chairman accuse Icelandic National Broadcasting System of “onesided” reports and ties to ex-Baugur Partner Jón Gerald Sullenberger.

Continue reading