Missing VAT trader ordered to repay £14m

A fraudster who took part in a £250m VAT fraud has been ordered to repay criminal profits of £14m or face a further 10 years in jail.

Nasir Khan, 41, was jailed for nine years in 2011 for money laundering his share of the fraud.

15 others were also jailed for the missing trader fraud which spanned three years, and Khan was also disqualified from being a company director for a decade.

The gang used the import and export of mobile phones to carry out what the Revenue calls one of the UK’s...

Continued...

» Register now

The full article is available to registered AccountingWEB members only. To read the rest of this article you’ll need to login or register.

Registration is FREE and allows you to view all content, ask questions, comment and much more.