State prosecutor Sigurdur Tómas Magnússon compared Baugur CEO Jón Ásgeir Jóhannesson to a worker in a cowshed who steals milk in court yesterday.
Magnússon said loan granting within Baugur to the company’s management, including Jóhannesson, was comparable to a worker in a cowshed taking one of the cows to his own cowshed and milking it there for his own use. Fréttabladid reports.
Gestur Jónsson and the other defenders of the Baugur Four demanded the confirmation of the ruling of Reykjavík District Court in March 2006, where all the defendants were declared not guilty of fraud and embezzlement.
Alleged changes of the charges against the Baugur Four, Jón Ásgeir Jóhannesson, Kristín Jóhannesdóttir, Anna Thórdardóttir and Stefán Hilmarsson, were also criticized.
The case of the State vs. Baugur Group began in the Supreme Court of Iceland yesterday.