Jailed gang which laundered £40m must repay £590K
A six-man international crime gang which laundered £40m in crooked cash and carried out a pan-European VAT fraud have been jailed and ordered to sell their assets to repay almost £590,000.
HM Revenue and Customers discovered the men from Lancashire, Cornwall and Kent worked for other crime groups moving about £40m of criminal money through multiple bank accounts in the UK and other countries between September 1, 2010 and November 30, 2011.
The gang was behind a separate VAT fraud. HMRC investigators tracked the gang’s activ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
