Last night, RÚV reported that Jón Ásgeir Jóhannesson [tycoon associated with Baugur Group, which once owned half the UK high street and more] had received a “gift or loan” amounting to ISK 1 billion from his pal Pálmi Haraldsson. The funds came through Pálmi’s company Fons and were funneled through Fons’s accounts no fewer than 12 times, in an evident attempt to hide the transaction. They were paid into Jón Ásgeir’s personal bank account in late 2008, when the Icelandic banks were in the process of collapsing.
Fons’s liquidator has now demanded that Jón Ásgeir return the funds.
Meanwhile, eyjan.is reports that on Tuesday next week it will be announced at a shareholders’ meeting of 365 Media [which Jón Ásgeir still owns] that Jón Ásgeir will be supplying ISK 1 billion in increased share capital to save the company from ruin. 365 is the publisher of Fréttablaðið and also owns Channel 2, visir.is, and a handful of radio stations.
One billion here, one billion there. Coincidence?