Icelandic news translated into English

November 12, 2008

Jón Ásgeir threatens a lawsuit if the information about the financing of 365 media will be sent to the Parliament

Filed under: economy — newsfrettir @ 10:38 pm
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Jón Ásgeir Jóhannesson

Jón Ásgeir Jóhannesson

Jón Ásgeir Jóhannesson, first chairman of 365 hf, insists that Ágúst Ólafur Ágústsson, chairman of the trade commission of the Parliament, desists putting pressure on the representatives of the three government banks to give answers about a loan given for the purchase of 365. If he does not drop the demand Jón Ásgeir will press charges. This is stated in a letter that Einar Sverrisson lawyer sent the committeemen of the trade commission on the behalf of Jón Ásgeir earlier tonight.

In the evening radio news from the Government radio yesterday a news coverage was done about the trade commission of the Parliament have called to a meeting with the bank manager and bank representatives of the three government banks next friday to figure out who lent Jón Ásgeir one and a half billion krónur to buy 365 media.

In the letter it is pointed out that in law about investment companies there is a clause about the board members of investment companies, chairmen, accountants, employees and whoever works a job for the company is bound to secrecy about anything they find out or hear about the practice of the company, business or private matters of their clients, unless they are obligated by the law to share this information. There is nothing in the law about parliamentary procedure or any other law that gives the select committee clearance to be informed about private matters of a businessman of a financial company.

News Article by noname
Original Article in Icelandic

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