February 25th in Fraud, News, Scandal, VAT by Editor .
Accountant Busted In £2.6m VAT Fraud
Naughty, naughty. Another one bites the dust…
The crappy economy seems to be weeding out lots of fiddling accountants, here’s the latest to get sent down:
Accountancy Magazine: A chartered accountant and three accomplices have been sentenced to a total of seven years for stealing £2.6m in VAT by creating numerous bogus travel companies to make false repayment claims.
West Midlands-based Parmjit Singh Rana set up 19 fake travel businesses across the UK, which were operated by his co-defendants – Graham Albert Scriven, Amrit Singh Mangat and Ajmer Kooner Singh – who helped launder the criminal profits from the fraud.
Doubtless there’s more to come…
