VAT fraudster accountant jailed for four years

Community Correspondent
Sift Media
Share this content
Tags
8

An Essex accountant was jailed last week after being found guilty of claiming £340,000 in fraudulent VAT repayments.

Shahzad Rubani of Ilford, Essex, pleaded guilty at the Old Bailey and received a four year, three month jail sentence. He was also disqualified from being a director for seven years. 

Rubani, a qualified accountant and ACCA member, was the principal organiser of the fraud which involved him and associates he recruited. 

A 2012 investigation by HMRC discovered that Rubani and his associates had set up a number of VAT registered companies for the purpose of committing fraud. 

The accountant amended company accounts and submitted fake VAT returns for non-existent clients, claiming repayments that were not due. 

In addition, he claimed...

Please Login or Register to read the full article

Replies

Please login or register to join the discussion.

Good work HMRC

For once, a congratulations is in order :)

Thanks (0)

VAT Fraudster

Yes, the more like him that can be got rid of, the better

Rubs off on all of us; more so as he was qualified

 

Thanks (1)

a disgrace

A disgrace.

but well done law enforcement for a change.

need some more though!

Thanks (0)

.

Thanks (0)

Best news of the day. Catch some more.

Thanks (0)

@secondhand

Never mind when he comes out, there's nothing stopping from running it inside.

Thanks (0)

Never enough

The frustration is that he will probably only do 2 years, 18 months of which will be in an open prison, from which he may even be given day release in order to ...... you guessd it.... work!

Thanks (0)

inside
Suddenly I am feeling great after reading the prison sentences on fellow accountants. Good work by hmrc. Don't stop. Keep at it

Thanks (0)