Slated for the big hoax: Now he starts consulting firm

He is personally bankrupt, has been given the disqualification of company directors for three years and was in the beginning of 2019, sentenced to a rekordlang

Slated for the big hoax: Now he starts consulting firm

He is personally bankrupt, has been given the disqualification of company directors for three years and was in the beginning of 2019, sentenced to a rekordlang

Ann McDonald
Ann McDonald
03 November 2019 Sunday 05:00
8 Reads
Slated for the big hoax: Now he starts consulting firm

He is personally bankrupt, has been given the disqualification of company directors for three years and was in the beginning of 2019, sentenced to a rekordlang term of imprisonment for fraud for more than 400 million. kr.

Nevertheless, Lars Nørholt, former director and owner of the bankrupt lysselskab Hesalight, now apparently to advise others.

At least he has started the company Consultant Company 2019, dealing with "management consulting and other advisory services for business management". The information provided in the CVR register.

the Extra Leaf has made Lars Nørholt a number of questions for his new company, but he has not the answer.

The scandal hit director has appealed against his prison sentence to The high Court, where the case must be examined, from January 2020, and several months ahead. He is therefore at liberty.

Plus How to got director svindeldom in the Stein Bagger-class

For barely a year ago was Lars Nørholt sentenced to three years disqualification of company directors, because he is, according to the Court of Roskilde was guilty of "grossly negligent conduct" as director of Hesalight.

Lysselskabets bankruptcy in november 2016 resulted in a large loss of a number of investors, fol.a. Pensiondanmark, IKEA and Pensam, which had given the company a loan of a total of approx. 600 million. kr.

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Hesalight in Roskilde looked like the long as a big success, but ended with a bankruptcy and the detection of big fraud. Photo: Rune Aarestrup Pedersen

In connection with the matter of the disqualification of company directors, the court found it proven that Lars Nørholt as the director had made "significant illegal shareholder loans" and, incidentally, had acted in breach of both bogføringsloven, the Danish companies act, the Danish financial statements act and the vat act.

In the fall of 2015 looked like lysvirksomheden Hesalight from Roskilde a huge success.

the Company's accounts showed a substantial growth and large millionoverskud, which was earned on to sell lamps to municipalities and private companies all over the world. Moreover, it was succeeded Hesalight to get a loan of a total of approx. 600 million. kr. from the pension funds Pensam and Pensiondanmark, as well as IKEA group and Danske Bank.

But in the spring of 2016 cracked die cut, since the stock market could reveal that Hesalight had lied about, among other customers and the director of education in the material that was used to obtain the large loan.

we ended up Hesalight in a true media frenzy, which culminated when the Danish business authority dumped the impressive accounts and required completely new. In the new accounts was the major millionoverskud disappeared.

In the fall of 2016, it turned out that the loan of 600 million. kr. was used, and Hesalight went bankrupt. On konkursdagen raided the fraud squad's office and several other addresses, among other things, Lars Nørholts villa.

In January 2019 was Lars Nørholt in the district Court in Roskilde convicted of fraud, forgery, vat fraud, breach of mandate and fraud by creditors for more than 400 million. kr.

the Verdict came on a seven-year unconditional prison - like Stein Bagger in 2009 was sentenced for his fraud in the IT Factory. Lars Nørholt has, however, appealed to The high Court with the requirement about pure acquittal.

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Konkurskarantænen prevents him from standing at the head of a Danish stock or limited liability company, but the Consultant Company 2019 has the status of "sole proprietorship".

It is not the first time that Lars Nørholt attempting a comeback after Hesalights bankruptcy.

In the months after the bankruptcy, he launched a second consulting firm with the name Hesalight002.

- It is the version 2 of a big success, and I'm ready to announce the first orders. Or, it is not me, but the companies I work for, who gets the orders, he said in the context to the Exchange.

See also: Indicted in the big information about death

the Article continues under the picture
Lars Nørholt tried in the wake of Hesalights bankruptcy with the consulting firm Hesalight002. The company website is now closed. Photo: Carsten Bundgaard

a year and a Half later, he was however sentenced to seven years " imprisonment by the district Court in Roskilde, fraud, forgery, breach of mandate, fraud by creditors and vat fraud of more than 400 million. kr.

the Judgment placed Lars Nørholt side by side with the Stein Bagger in the top of the list of the toughest penalties for financial crime in the history of denmark.

Hesalight002's website is now closed.

See also: Bankruptcy and svindeldømt: Skandaledirektør living in luxury

Updated: 03.11.2019 05:00
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