VAT Fraudster Crimestoppers
December 20, 2011 by staff
VAT Fraudster Crimestoppers, A man who once donated £34,000 to the Crimestoppers charity has been convicted for his part in a VAT fraud worth £250 million.
Nasir Khan was jailed at Southwark Crown Court for taking part in a conspiracy involving the supposed import and export of mobile phones, following a 10-year investigation by HM Revenue & Customs (HMRC).
Khan, whose assets of £15 million were restrained by the court, received nine years for money-laundering. Fourteen co-conspirators had been given a total of almost 90 years in previous trials for their part in the so-called “missing trader” scam.
The court heard that in July 2003, after a long investigation, HMRC officers carried out a series of coordinated arrests across the UK which resulted in the seizure of over half a million documents and 130 computer hard drives.
Analysis of them showed transaction chains, contacts between the defendants and how the organisation was carrying out fraudulent deals.
Offshore bank accounts were identified showing funds being transferred from the UK and EU into accounts in Hong Kong, Pakistan and Dubai. The fraud was carried out over a two year period from June 2001 to July 2003.
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