The retail group, which owned stakes in a number of major British chains, from House of Fraser to Hamleys, transferred a ski chalet in France, two properties in London and a property in Denmark to Mr Johannesson’s investment company, Gaumur, last autumn.

Erlendur Gislason, of Logos, the joint administrator of Baugur, said he was looking into the transfer of assets between Baugur and related parties, including Gaumur, in the six months before the failure.

“All transactions between related parties within the sensitive and suspect period are subject to thorough review by the administrator. That review is still ongoing,” he said. “It’s not so much about price, but the settlement of a debt by a transfer of property and it’s being investigated.”

From the Telegraph

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