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Richard Branson - Branson was questioned in connection with the selling of records declared export stock

Time: 1971

Place: London, England, United Kingdom

Details: Branson eventually started a record shop in Oxford Street in London. In 1971, he was questioned in connection with the selling of records declared export stock. The matter was never brought before a court because Branson agreed to repay any unpaid purchase tax of 33% and a £70,000 fine. His parents re-mortgaged the family home to help pay the settlement.

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