According to one of Jon Asgeir Johannesson’s former CEO’s, businesses connected to the Baugur spearhead owe around 1.000 billion ISK.

That’s a lot of money and unlikely that you can run up such debts unless you own a bank yourself.

Related posts:

1. A billion for Morgunbladid
2. Who is going to pay his 107 billion ISK overdraft
3. At a great loss
4. The billion dollar question
5. Behind The Glacier Bonds