Bloomberg the Company

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Iceland Top Court Hands Prison Term to Ex-Baugur Boss on Taxes

Don't Miss Out —
Follow us on:

Feb. 7 (Bloomberg) -- Jon Asgeir Johannesson, the former Icelandic billionaire who controlled failed retail empire Baugur Group hf, was found guilty of tax fraud by Iceland’s Supreme Court.

Johannesson received one year in jail and a fine of 62 million kronur ($485,000) today for nine violations, including not declaring all his capital gains income, profit from shares he sold and violating accounting laws while running Baugur, according to the ruling. Johannesson’s sentence was suspended for two years.

To contact the reporter on this story: Omar R. Valdimarsson in Reykjavik

To contact the editor responsible for this story: Jonas Bergman at