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Three jailed after HMRC probe into £300k VAT scam

by Michelle Abrego on Feb 07, 2013 at 11:54

Three jailed after HMRC probe into £300k VAT scam

An investigation by HM Revenue & Customs (HMRC) has led to thee men being jailed for their part in a £300,000 VAT scam.

The three men, two from the West Midlands and one from Manchester, who set up bogus companies with the ‘sole intention of committing tax fraud’, were sentenced at Birmingham Crown Court.

The gang, which included the jailed men Annas Bah,Ousman Njai and Pa Modou, set up nine bogus firms including a clothing manufacturer, a publishing house and a software engineering company.

HMRC said the gang would then submit VAT repayment claims from these companies, but there was no evidence of trading.

Adrian Farley, assistant director of criminal investigation for HMRC, said: ‘This case sends a clear message to anyone involved or considering fraud against HMRC – your time is up.

‘We are working relentlessly to combat those involved in tax evasion and fraud and bring them before the courts. With over £10 billion being stolen from UK finances each year by criminals, it is serious crime which we are determined to eradicate.’

HMRC criminal investigators arrested the men in dawn raids in March 2012.

3 comments so far. Why not have your say?

David Johnson

Feb 07, 2013 at 12:34

Only £9.997 billion to go then!!

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Charles Rickards

Feb 07, 2013 at 13:15

Not sure how this article is relevant to NMA or financial services for that matter? Maybe it is for those in the accountancy profession, who may chose to read this site?

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Maria Njai via mobile

Feb 14, 2013 at 21:38

Absolutely shocking. People can be so close to you yet you never know what they are up to. How can they even think of these things? Am totally disgraced by their actions.

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