Tag Archive | "Baugur"

Former Baugur head pleads not guilty

The former head of Icelandic investment group Baugur has pleaded not guilty to fraud charges relating to his actions leading up to the country’s 2008 financial collapse.

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Former Baugur head formally charged in Reykjavik

The former chief of Icelandic investment firm Baugur has been indicted on charges over wrongdoing dating from before the 2008 Iceland banking collapse.

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Jon Asgeir in court three times today

Three cases involving Icelandic businessman and former Baugur Group boss Jon Asgeir Johannesson will go before Icelandic district courts today.

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Baugur staff owe large amounts following share purchases

40 former Baugur Group staff members owe over ISK one billion (USD 8.3 million) combined on loans they took out to buy shares in the now-bankrupt company.

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Jon Asgeir gets extension on Glitnir assets demand

The deadline for former Baugur boss, Jon Asgeir Johannesson to submit a comprehensive list of all his assets to the Glitnir Bank resolution committee has been extended to tomorrow.

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Williams F1 lost cash in Glitnir

The Williams Formula 1 motor racing team has a roughly ISK 2 billion (USD 15.7 million) claim in the estate of Iceland’s bankrupt Glitnir Bank connected to Jon Asgeir Johannesson’s attempts to buy himself into the team in previous years.

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We’re all paying for a party we weren’t even invited to

(Editorial comment from IceNews) In one of those all-too-rare blissful moments of unthinking peace, I took to scanning the bookshelves here at IceNews Towers for a few moments this morning. My fingers nimbly sought out the book which presumably felt the most interesting. A souvenir photo book from Baugur Day 2006. IceNews did not go, [...]

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Posted in Business, Denmark, Iceland, International, Lifestyle, MBL, Society, TravelComments (5)

Icelandic ‘Outvasion Vikings’ took huge loans in the UK

The total loans of failed Icelandic bank Landsbanki in the United Kingdom to fellow Icelandic businessmen amounted to a minimum ISK 130 billion of a total loan portfolio of around ISK 730 billion.

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Posted in Business, Iceland, MBL, Politics, United KingdomComments (15)

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