'Carousel' bank's founder due in court
VAT fraudsters' favourite bank
John Deuss is due in court in Holland later today to face charges relating to the First Curacao International Bank (FCIB). Deuss, who founded the bank, was arrested by Dutch police on his arrival from Bermuda. Dutch and UK tax authorities took action against the bank in September.
UK Customs accuse FCIB of being the favoured bank of carousel fraudsters. HMRC reckons every individual it collared for carousel fraud in the last two years held an account at FCIB. It suspects some 2,500 UK citizens of using the bank.
Accounts were frozen after joint police raids in Holland and the UK. Customs said at the time the action would have a major impact on carousel fraud.
Deuss, who denies any wrongdoing, is appearing voluntarily and waived his right to an extradition hearing in Bermuda.
He will appear in the magistrates court today as prosecutors want more time to question him, according to the Guardian. More details here. ®