A case of VAT Fraud - £151 million lost without trace
Suspected VAT fraudster Nasser Ahmed is alleged to have made around £156 million in four years pocketing output VAT on sales of computer chips. Last February he leapt from the dock at Bristol Crown Court, minutes before the jury reached its guilty verdict. He was sentenced in his absence on that occasion to six years imprisonment, and is still at large.
In Gloucester Crown Court on Wednesday, HMRC applied for a confiscation order for a small proportion of his alleged assets.