Grocer jailed after hiding £1m from revenue

Money laundered through a friend's money exchange

Written by AccountancyAge.com

Mohammed Razak, 45, a greengrocer from Wanstead, East London has been jailed for 33 months after being found guilty of hiding more than £1m from HM Revenue & Customs.

The undisclosed money was laundering through a friend's money exchange, Southwark Crown Court heard.

Razak accounted for income from only one of his two cash registers, while his friend Sabir Kazmi's exchange firm helped hide the money,

Kazmi, from East Ham, East London, received an 18-month supervision order and his son Irfan, 34, was jailed for 15 months for false accounting.

Judge Christopher Elwen said the three were convicted on 'overwhelming evidence'.

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