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...
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