Bruno Falkvall was sentenced in September 2005 to a prison sentence of 2 years for tax fraud. Additional to that he is not allowed to run his own company for 3 years. By the time the offences were discovered in 2003, Mr Falkvall had diverted SEK 5 million (around EUR 550’000 in 2003) from TVAB to a private bank account on the Isle of Man (between 1994 and 2000).

He had also failed to pay nearly SEK 2 million (around EUR 220’000 in 2003) in payroll taxes. Mr Falkvall appealed the ruling and the Court of Appeal reduced the prison term to 1 year and 6 months.

He has now petitioned for pardon, referring to severe heart problems as a reason. He also plans to apply for revision. Mr Falkvall believes that he was punished twice, as he also had to pay penalty tax, reports nwt.