Feeds

Five jailed for £140m VAT scam

Nearly 40 years' chokey for revenue cheats

Top 5 reasons to deploy VMware with Tegile

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. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Webcam hacker pervs in MASS HOME INVASION
You thought you were all alone? Nope – change your password, says ICO
You really need to do some tech support for Aunty Agnes
Free anti-virus software, expires, stops updating and p0wns the world
USB coding anarchy: Consider all sticks licked
Thumb drive design ruled by almighty buck
Attack reveals 81 percent of Tor users but admins call for calm
Cisco Netflow a handy tool for cheapskate attackers
Privacy bods offer GOV SPY VICTIMS a FREE SPYWARE SNIFFER
Looks for gov malware that evades most antivirus
Patch NOW! Microsoft slings emergency bug fix at Windows admins
Vulnerability promotes lusers to domain overlords ... oops
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.