Criminal proceedings to start against Icelandic tycoons?

jon-asgeir-little2The assets of businessmen Jon Asgeir Johannesson and Hannes Smarason in Iceland will be frozen in connection with tax authority investigations into them and the businesses they used to run.

According to Vidskiptabladid sources, the frozen assets amount to many hundreds of millions of kronur (ISK 100 million = USD 780,000).

The paper’s sources claim that the assets of other so-called Outvasion Viking businessmen will be frozen by tax investigators in the near future. Sources say this information fits well with cloaked words from Minister of Finance Steingrimur J. Sigfusson on Friday.

Sigfusson was asked if he intended to do anything to prevent the architects of the economic crash simply taking over their old companies once more. He replied that tax authorities were involved in an extensive investigation concerning many of these same people and that it was not unlikely that tax issues would be the starting point for criminal proceedings and even the freezing of assets.

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