Tuesday, 13 January 2015

Planning to Return to Homeland by Hussain – A Fraudster of £300 million
Alan Smith05:08 0 comments

Planning to Return to Homeland by Hussain – A Fraudster of £300 million

Scotland’s wealthiest VAT fraud suspect, Imran Hussain, is looking for a deal to return home. He is allegedly involved in a scam according to HRMC investigators where he is suspected of stripping £300 million of tax payer’s money.

After being forced out of his hometown he has been living an affluent life in the millionaire’s playground of Dubai but according to sources he is “desperate” to come back home although having everything he could wish for in the tiny emirate, Hussain is willing to come back home if he is able to negotiate a “fair” deal with the custom officials
One source said: “He is willing to return but not to spend lengthy sentence”. He would prefer to return huge amount of sum in return for a light sentence which would make the authorities feel that justice has been done and they can look upon at the cash seizure as a success.
Hussain, had already been in contact with HMRC negotiating a possible deal and sources reveal that the communication between him and the authorities as highly “sensitive”.
The fugitive is suspected to be involved in a group which headed a Europe-wide operation and eventually set up bogus firms linked to VAT fraud. They claimed back VAT on goods they were imported and exported. The goods were usually small but high-value items such as mobile phones and computer chips- which actually never physically existed.
Source Page : http://www.vatratfraudcases.com/imran-hussain-vat-rat-fraud-glasgow-scotland/

£300m tax dodge fugitive wants to return back to Scotland
Alan Smith00:19 0 comments

A Truth of Sending Crack Squad to Dubai Finally Revealed by a Top Crimebuster
A headline became the part of the newspapers and news portals that how a crack squad was sent to Dubai illegally. The entire matter was exposed by a top crimebuster. He was investigating the entire case to track down the details related to Value Added Tax criminals, as those criminals were a real threat to Britain in terms of bankruptcy.  Assistant Director of HMRC further elaborated that their top secret officials were assisting the authorities of other European countries with the aim to solve this carousel fraud. Due to all these efforts, the entire scam divulged in 1990 in Scotland.
A businessman from Glasgow, Iftakhar Iqbal, 45, has been charged with a £500 Million VAT fraud and is awaiting his trail four years after being arrested.
Imran Husain, 34, also of Glasgow, is suspected of £300 Million VAT Fraud and is living in Dubai since past few years.

David Odd explained the entire carousel scam in detail. He informed the concerns that this gang of criminals planned their fraudulent activity so cleverly that they managed to take the money from taxpayers just in a year. The worst thing was that the amount was not minimal, it was a total woth of  £3.5 billion.
Carousel scam was all about claiming Value Added Tax on goods, which were never imported and exported. Moreover, the trading amount was less than the goods involved in this fake trade. The entire planning was so real that no one got idea about this scam, which was worth of £3.5 billion in 2006. Later on, the amount came down to £1 billion in 2010.
 This content has been taken from, http://www.vatratfraudcases.com/vat-rat-imran-hussain-faced-jail/.