Friday 10th March, 2017
A £6.9m tax fraud committed has seen three businessmen, including an accountant and a payroll administrator, jailed for a total of 19 years at Maidstone Crown Court.
Chris Gill, assistant director of the fraud investigation service at HMRC, said: “These men were driven by greed, abusing systems designed to ensure correct wages and taxes. The professionals knew they were breaking the law, and [one of them] as an accountant was in a position of trust, which is deplorable.”
The men used offshore and UK bank accounts and a network of companies to attempt to hide the fraud and channeled money through Gibraltar as well as the Channel Islands, the UAE, USA, Turkey and various property transactions. They used the proceeds to fund lavish lifestyles including expensive foreign holidays, property and luxury cars.
Gill added: “These criminals thought that they could hide but our investigations are thorough, and with assistance from Gibraltar, we unravelled what they’d created and they are now paying the price. No one is beyond our reach.”
The ringleader, Mr Ahmed, was a former director at accountancy and financial management companies, including Keepers Accountancy & Taxation Ltd.