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Tuesday, September 6, 2011

Four more men jailed for missing trader VAT fraud

The nine men jailed  in December 2010 and January 2011 after a £17 million ‘missing trader’ VAT fraud have been joined by four more men. A further defendant has been charged and is due to stand trial next year.

Criminal investigators from HM Revenue & Customs spent five years investigating the multi-million pound fraud. In addition to the £17 million claimed, VAT claims for a further £5 million had been made - and plans to steal an additional £300 million in VAT were found.

Gary Lampon, Assistant Director of Criminal Investigation for HMRC, said “This was a complex and lengthy investigation, over five years, to unravel this multi million pound fraud by an organised crime gang. They used the money to fund extravagant lifestyles at the expense of the British taxpayer. ‘Missing trader’ fraud is not merely a paper fraud, it funds other serious crime and we are determined to pursue and bring to justice the criminals behind this type of fraud. Assets of £8 million have so far been restrained and confiscation proceedings are underway to reclaim the proceeds.”

Gurjit Singh was sentenced to two years in prison, Shabir Anwar Ahmed was sentenced to four years in prison, Muhammad Al-Numairy Raza was sentenced to two and a half years in prison and Bharat Muriji Odedra was sentenced to two and a half years in prison.

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Tags: uk legal crime vat

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Opinion Articles

MEF predictions: ten key mobile trends for 2014

MEF, the global trade association for companies engaged in mobile content and commerce, has revealed its mobile industry predictions for the next 12 months.

Its forecast combines insights from the group’s Global Board of Directors with research from the recent Global Mobile Consumer Survey.

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Top five mobile tech predictions for 2014 from Jasper Wireless

Macario Namie writes:

As the connected car phenomenon gains pace, 2014 will see global automotive firms embracing LTE. Machina Research predicts 90% of cars sold in 2020 will have some form of embedded connectivity – that connectivity roll-out continues strong in 2014 and LTE is pivotal to its long-term success.

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Last week at The Fonecast: 16th December 2013

A Happy Tranquil Christmas for HTC?

Mark Bridge writes:

HTC experienced a bit of Christmas cheer last week when the threat of a sales injunction against the HTC One mini smartphone and a number of other devices was lifted. Nokia had previously won a patent-related court case against HTC but it seems that a sales ban was deemed too harsh a penalty.

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Deutsche Telekom M2M predictions for 2014

Jürgen Hase writes:

Machine-to-machine communication (M2M) and the Internet of Things (IoT) run through all areas of life and work. Cars, cargo containers, parking spaces or even wristwatches and coffee cups – everything around us is on the verge of being connected.

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Last week at The Fonecast: 2nd December 2013

It's oh so quiet...

Mark Bridge writes:

It was a relatively quiet time for tech news last week, with many companies taking a day off to celebrate Thanksgiving in the USA and then planning for a present-buying retail frenzy on ‘Black Friday’. Today the focus on Christmas shopping moves online; a day that’s called either ‘Cyber Monday’ or ‘Mega Monday’ if you work for a news organisation.

Yet it wasn’t an entirely newsless week.

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We're back with a month of mobile industry news, including takeover talks and takeover rumours. O2 and Three are said to be discussing a merger... but is there any truth in the suggestions that BlackBerry could be up for grabs?

We also discuss Apple's record-breaking quarterly figures, the highlights of CES and the launch of Microsoft Windows 10, as well as saying farewell to the current version of Google Glass.

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