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News - 13 January 2013

HMRC investigation results in nine years imprisonment

Following into an investigation by HMRC a DJ from Dundee has been found guilty of tax evasion and money laundering, linked to a complex mobile phone trading scam. It involved setting up a number of companies in Scotland and Spain to trade in mobile phones across Europe. However, the majority of the trading was fraudulent and the Spanish companies were in reality being run from addresses in Dundee.

David Odd, HMRC’s Assistant Director Criminal Investigation in Scotland, said:
The accused “knew full well that he was breaking the law, yet chose to overlook it for the opportunity of making what he wrongly assumed would be easy money, at the expense of the UK taxpayer. He now has to pay a very high price for his criminal activities.

Stuart Coleman, Manager of the Tax Department of ABDS comments:
“When these companies ceased trading, the unpaid VAT was in excess of £4m. The fraudster was charged with over £20.5m in money laundering offences, after HMRC investigations showed that about £186m had gone through the accounts of the two Spanish companies within eight months.”

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