HMRC arrests three in £80m tax fraud and money laundering bust
HMRC officers have arrested three men on suspicion of tax fraud and money laundering offences worth up to £80 million.
Over 70 officers swooped on the men in dawn raids at three London addresses last Friday. Cash totalling £150,000 was found and computers and personal and business records were seized, along with a taser gun.
The men are suspected of being involved in an alcohol diversion fraud estimated to be worth up to £80 million annually in lost duty terms.
David Margree, assistant director, criminal investigation at HMRC, said: ‘[Friday’s] action shows HMRC’s determination in taking robust action against those involved in or connected to alcohol fraud. HMRC will take all necessary steps to ensure that the tainted profits amassed by these professional crime gangs will be pursued and recovered.
‘We suspect those arrested today have concealed the money for their personal benefit at the expense of the UK’s economy and honest taxpayers.’
Source: citywire- HMRC arrests three in £80m tax fraud and money laundering bust
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