Sigrún Davíðsdóttir's Icelog

Aurum: Jón Ásgeir Jóhannesson accessed company information from Glitnir

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The oral hearings in the Aurum case are now over and a verdict can be expected in the coming weeks. Those charged are Jón Ásgeir Jóhannesson, for  exerting undue influence on Glitnir CEO Lárus Welding, also charged, in addition to two Glitnir employees, Magnús Arnar Arngrímsson and Bjarni Jóhannesson who managed Glitnir’s business relations with Jóhannesson and his companies. The three Glitnir employees are charged for breach of fiduciary duty.

An intriguing sub-story, surfacing during the hearings, is that during the hearings Jóhannesson told the court that he had been able to obtain information on Fons, the company of his long-time business partner Pálmi Haraldsson. Jóhannesson told the court how he had requested and obtained this information. The interesting thing is that Jóhannesson had no formal relation with Fons and yet the bank handed over to him financial information on Fons. And it was quite interesting the Jóhannesson told this to the court as if this was the most natural thing in the world.

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Written by Sigrún Davídsdóttir

May 21st, 2014 at 8:40 am

Posted in Iceland

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  1. […] Glitnir employees have all been acquitted this morning in the Reykjavík District Court in the Aurum Case. The Prosecutor will no doubt appeal, sending the case to the Supreme […]

  2. […] and elsewhere. In addition, it has now surfaced that an expert, called in to be a lay judge in the Aurum case is the brother of Ólafur Ólafsson, one of the four indicted in the al Thani case.  Jón Ásgeir […]

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