Waste company boss jailed for £250k VAT fraud
22 Jan 2019
The boss of two Manchester waste management businesses has been jailed for making fraudulent claims for more than £250,000 in VAT repayments following an HMRC investigation
22 Jan 2019
Chaudhry Akbar submitted 36 bogus invoices totalling £253,426 between June 2013 and November 2015 while director of Thermal Power Ltd and Hyder Engineering (UK) Ltd. He forged paperwork, making up business purchases for heavy machinery and goods.
HMRC investigators found Akbar passed the stolen money through numerous bank accounts in an attempt to hide the cash.
Akbar’s two companies, which provided engineering and waste management services, were liquidated in August 2016. He pleaded guilty to three counts of VAT fraud and money laundering at Manchester Crown Court and has been sentenced to 18 months.
Tim Atkins, assistant director, fraud investigation service, HMRC, said: ‘This was a sustained attempt to steal taxpayers’ money and Akbar was shameless in his greed. He told lie after lie to line his own pockets and then tried to launder the cash so it couldn’t be traced back to him.'
Report by Pat Sweet