Icelandic National Broadcasting System, RÚV, reports that judges at the Reykjavík District Court hearing the Baugur case have closed the proceedings and adjourned to deliberate a verdict.
The proceedings lasted 8 days covering 8 charges of 40 originally filed by the National Police. The remaining 32 charges were dismissed both by the District and Supreme Court for technical reasons.
The special prosecutor, Sigurdur Tomas Magnusson, claimed the funds received from Baugur by the defendants and the private companies of the Bonus-family, Jón Ásgeir Jóhannesson, Kristín Jóhannesdóttir and their father Jóhannes Jónsson, could not have been considered anything but a loan and should have been accounted for in Baugur’s annual report as such. It was further proved by the evidence in the case that the defendants had tried to defraud the government of import duties of several automobiles.
Defense counsel said the prosecution had not adequately analyzed the balance in the transactions between the defendants and Baugur. A closer look revealed that Baugur had owed Jón Ásgeir money, not the other way around. Defense counsel also severely criticized several aspects of the investigation. Defense counsel focused on the testimony of Jón Gerald Sullenberger, who originally pressed charges with the police.
According to Icelandic law, the court has 3 weeks to issue a verdict.