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Icelandic business tycoon pleads not guilty

08.01.13 @ 09:23

  1. By EUOBSERVER

Jon Asgeir Johannesson, one of Iceland's high profile business tycoons before the financial crash, continued to deny any wrongdoing when a Reykjavik district court Monday began hearing a case concerning huge loans from the collapsed Glitnir bank to Johannesson's group, investing in retailers such as House of Fraser and Hamleys.

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