Entrepreneur Brothers Plead Not Guilty

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Entrepreneur Brothers Plead Not Guilty

The six individuals charged by the Icelandic Special Prosecutor Ólafur Þór Hauksson because of ISK billions that were paid from the investment company Milestone to Ingunn Wernersdóttir in 2006 to 2007 on suspicion of breach of trust pleaded not guilty at the filing of the case in Reykjavík District Court yesterday, ruv.is reports.

districtcourt

Reykjavík District Court.

Among the accused are Ingunn’s brothers Karl and Steingrímur Wernersson, who held the majority of shares in Milestone at the time and were on the company’s board, Karl as chairman. Guðmundur Ólason, former CEO of Milestone, is also facing charges, along with three accountants at KPMG. However, Ingunn is not among those indicted.

The case began almost four years ago when employees of the Special Prosecutor’s Office raided the headquarters of Milestone, KPMG, insurance company Sjóvá and other facilities as part of the office’s investigation into these companies’ affairs.

The case will continue later this month.

Related:

09.07.2013 | Special Prosecutor Charges Entrepreneur Brothers

ZR