Arrests have been made in an investigation into a multi-million pound carousel fraud ring.
An 18-month investigation led to 10 arrests, known as Operation Varlet, during a dawn raid by HMRC officers.
10 UK arrests in carousel fraud crackdown
10 arrests made by HMRC over suspected multi million pound carousel fraud
Accountancy Age, 28 Jun 2007
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Those arrested were suspected of being part of a ring fraudulently trading in mobile phones, buying them VAT-free from the continent then defaulting without paying VAT owed to HMRC.
The arrests were made in Stoke on Trent, Birmingham, Slough, Maidenhead, Uxbridge, Rickmansworth, Bushey and Hanworth.
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