Feeds

Five jailed for £140m VAT scam

Nearly 40 years' chokey for revenue cheats

Securing Web Applications Made Simple and Scalable

Five men have been jailed for their roles in a huge missing-trader fraud which netted £140m.

The men were sentenced to 37 and a half years in prison in total.

HMRC said the five were motivated by pure greed. They were convicted of various counts of cheating the Revenue contrary to Common Law.

Andrew Hart (40) of Cricklewood, London, Mohammed Chaudhery (36) of Slough, Berkshire, Kevin Davis (46) of Kilburn, London, and Abdul Jabbar Butt (49) of Wembley, Middlesex set up their own limited companies, most of which traded for five weeks or less.

A fifth man, Tariq Sarwar, of Ryecroft Street, Gloucester acted as organiser. He pleaded guilty to five counts of cheating the Revenue and was sentenced to nine years in prison.

They imported mobile phones and computer chips VAT-free from other EU countries, then sold them on, with VAT added to UK customers. Each company owed the Revenue between £26.5m and £39.1m when it shut.

The money was never paid to the Rev but was laundered through various offshore firms.

The investigation began in October 2005 when Mohammed Chaudery was arrested. Information on his computer provided links to the other gang members and their companies.

The gang members got a flat fee of up to £30,000 for their work. HMRC is also seeking forfeiture of assets.

Click through to the next page for complete details of the fraudsters, and their companies, from HMRC. ®

Mobile application security vulnerability report

More from The Register

next story
LibreSSL RNG bug fix: What's all the forking fuss about, ask devs
Blow to bit-spitter 'tis but a flesh wound, claim team
HIDDEN packet sniffer spy tech in MILLIONS of iPhones, iPads – expert
Don't panic though – Apple's backdoor is not wide open to all, guru tells us
Manic malware Mayhem spreads through Linux, FreeBSD web servers
And how Google could cripple infection rate in a second
NUDE SNAPS AGENCY: NSA bods love 'showing off your saucy selfies'
Swapping other people's sexts is a fringe benefit, says Snowden
Own a Cisco modem or wireless gateway? It might be owned by someone else, too
Remote code exec in HTTP server hands kit to bad guys
British data cops: We need greater powers and more money
You want data butt kicking, we need bigger boots - ICO
Crooks fling banking Trojan at Japanese smut site fans
Wait - they're doing online banking with an unpatched Windows PC?
NIST told to grow a pair and kick NSA to the curb
Lrn2crypto, oversight panel tells US govt's algorithm bods
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.