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'.

Further reading:

More tax news

Enjoyed this article? Help spread the word:

Comments

Reader comments for this story

White papers

Related jobs

Spotlight

Richard Solomons, FD of Intercontinental Hotel Group

Profile: Richard Solomons, FD of InterContinental Hotel Group

Richard Solomons is masterminding Intercontinental Hotel Group's strategy of ownership,...

PwC 10-year anniversary special report

Relive how the controversial mega-merger of Price Waterhouse and Coopers...

Make partner fast with YP

The latest edition of Young Professional features our definitive guide...

Find your next job

Find your next job
Salary Checker

Newsletters

Sign up here for the very latest news delivered to your inbox. Choose from the following options:

Search white papers

Search white papers

Have your say

Fair value accounting has attracted a lot of criticism, but is it actually fair?
Yes, it's better than any other method available.
No, it's caused too much trouble. Get rid.
It's promising but could work better with modifications.

Job of the week

More finance jobs...

Your next job