Couple jailed for £900k tax and insurance fraud

Community Correspondent
Sift Media
Share this content
1

A couple from Kent have been jailed for committing insurance fraud and not paying tax on over £900,000 earnings from ‘ghost’ insurance broking.

Elina Jaksone, 36, and partner Gagik Kyraicos Manucharayan, 40, committed a £340,000 tax and motor insurance fraud by supplying false and misleading information when arranging policies for clients.

They sold the policies cheap to to mostly Eastern European clients, charging £100 apiece and then pocketing the £920,000 earnings without declaring tax to HMRC.

The couple used the money to fund a “luxury lifestyle” according to the Revenue. They took holidays in places like Jamaica and Mexico, bought a £365,000 property, paid for private education and acquired two Mercedes cars.

In addition, Jaksone also fraudulently claimed...

Please Login or Register to read the full article

Replies

Please login or register to join the discussion.

avatar
17th Apr 2013 11:10

what about amazon? Npower? etc.etc. who dont even pay tax?

I lost count of the number of multinationals who abuse the tax system more than these guys did?

amazon

thames water

npower

starbucks

whilst I dont defend the guys above-the rest of the big boys who pay NIL corporation tax- among the big hitters in our homes and hgh streets-seem to abuse the system and remain blameless-and not improsoned!

moral of the story:

individuals (and poor benefit claimants)have to go to prison for their own tax evasion(and claiming the wrong benefits)-but individuals in charge of multinationals(or banks-bob diamond) and quoted(or unquoted) corporates(with the right advice) dont go to prison.....

Thanks (0)