Furlough Fraud Suspect Arrested

Nine men from the West Midlands became the first people to be arrested for suspected Furlough Fraud: in a large-scale search, seize, and arrest operation by HMRC yesterday.

A 57-year old businessman from Solihull was arrested as part of an HM Revenue and Customs investigation into suspected tax frauds relating to: a £500,000 Coronavirus Job Retention Scheme fraud; a multi-million pound tax fraud; and money laundering offences. HMRC are alleging criminal activity of: Cheating the Public Revenue; fraud by false representation; VAT evasion; and money laundering.

Eight other West Midlands’ men were also been arrested as part of the same investigation.

Over 100 tax officers raided 11 locations. Computers; digital devices; business and personal records; were seized and taken away as evidence. Money in the 57-year old’s business bank account has been frozen.
HMRC, said: “We will not hesitate to act on reports of abuse of the scheme”.

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