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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