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Man behind £2.6bn battery factory plan quits after tax fraud conviction emerges

Man behind £2.6bn battery factory plan quits after tax fraud conviction emerges
PA
15 December 2020, 4:58 pm
The co-founder and chairman of the company planning to build the UK’s first gigafactory in the North East of England has quit after it emerged he was convicted for tax fraud in Sweden more than 20 years ago.
Lars Carlstrom was sentenced to eight months in prison and handed a four-year trading ban for tax fraud in the late 1990s. This was later reduced by a higher court to a conditional sentence and 60 hours community service.
He was later accused of acting negligently by Sweden’s tax authority over a separate unpaid tax bill for one of his companies in 2011. ....

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