The Glitnir resolution committee is expecting that Jón Ásgeir Jóhannesson will release a list of all of his assets as soon as the weekend is over, in response to the summons that were delivered to him earlier this week.

Jón Ásgeir’s solicitors received summons from the winding-up committee on Thursday, but according to the law he has two days to produce a list of all of his assets. Because the deadline passed over the weekend, the winding-up committee decided to give Jón Ásgeir until Monday to draw up his list.

If he does not produce the list in time, or he gives false information, he could face a stint in prison of up to 3 years in the UK.

In the summons from the winding-up committee, Jón Ásgeir is accused of having effectively taken over control of the bank in April 2007 and of having, alongside others, used his dominance over the bank to issue enormous loans to other companies that he and his business associates presided over.

Source: mbl.is
Image: mbl.is

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