Dundee DJ jailed for £20.5m VAT fraud
A Scottish DJ was sentenced to nine years in jail after being found guilty of five charges of VAT fraud adding up to £20.5m.
Dundee-based 40-year-old Shahid Ramzan, of Cortachy Crescent, was found guilty in December of tax evasion and money laundering after he was linked to a complex mobile phone scam.
This week, he was sentenced at Glasgow High Court to five years for the VAT charges, one year for the transference of criminal property and nine years for the Proceeds of Crime offences, with the sentences to run concurrently.
Following an HMRC investigation, the court heard how Ramzan set up a number of companies in Spain and Scotland to trade in mobile phones across Europe.
The majority of trading was fraudulent, however, and the Spanish companies were run from Dundee addresses, with UK bank accounts used to launder proceeds from VAT frauds.