Main session of Baugur case finished Skip to content

Main session of Baugur case finished

The main session of State vs. Baugur Group case finished in Reykjavík District Court yesterday after almost seven weeks of hearings. A ruling is not expected until May.

According to Fréttabladid, the Baugur case is the most extensive court case in Iceland’s history.

The testimonies of 90 witnesses were heard in addition to the testimonies of the three defendants, Jón Ásgeir Jóhannesson, Tryggvi Jónsson and Jón Gerald Sullenberger.

“This was like a particularly difficult test,” said Gestur Jónsson, the representative of one of the defendants.

“This is a relief, of course, I’ve hardly done anything else since January,” said Jakob R. Möller, who is also a counsel for the defense. “People have worked hard. I feel pleased about a job well done.”

According to law the court has three weeks to reach a decision on a ruling, but in light of the extensiveness of the case and with Easter upcoming, the prosecutors and the counsels for the defense said they did not expect a ruling until early May.

Investigations of alleged tax fraud of individuals related to Baugur Group continue and Baugur CEO Jón Ásgeir Jóhannesson is to deliver a report to the National Commissioner of the Icelandic police by the end of April.

Click here to read more about the Baugur Case.

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