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Baugur director charges upheld by Supreme Court

Baugur founder and executive chairman Jón sgeir Jóhannesson’s future role at the group remains unclear, after a conviction for book-keeping offences was upheld yesterday by the Icelandic Supreme Court.

The ruling against Jóhannesson and two co-defendants confirms decisions made at a lower court, and puts an end to a six-year court case.

A lawyer for Baugur said the decision to uphold the charge against the chairman could threaten his ability to serve as a company director. Baugur has several fashion investments in the UK including Mosaic Fashions, Jane Norman and House of Fraser.

Prosecutors are continuing to consider separate tax fraud charges, while Jóhannesson has complained to the European Court of Human Rights in Strasbourg that he is a victim of persecution.

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