MONTREAL – Quebec’s opposition parties are calling for answers about whether Lion Electric Co. misled investors while receiving government financial aid.
The Quebec Liberals want a committee at the provincial legislature to investigate allegations the struggling electric-vehicle maker deceived investors with unrealistic forecasts and fabricated orders, pointing to $177 million in public funds the company has received from the Quebec government.
“If the company used government support to enrich its executives while misleading small investors, it is urgent to uncover the truth,” Liberal MNA Monsef Derraji in a statement Thursday.
