Jailed businessman to pay back £1.3m to HMRC

Jailed businessman to pay back £1.3m to HMRC

Payment order made under Proceeds of Crime laws

HM Revenue & Customs will be paid
back £1.3m from
Michael
Voudouri
, a businessman who was jailed in 2004 for VAT fraud.

Voudouri, from Bridge of Allan near Stirling, was jailed for four years at
the High Court in Glasgow after admitting to VAT evasion worth £3m.

The money will be paid back at High Court in Edinburgh.

Senior customs investigation manager John Whiting said: ‘This confiscation
order will successfully conclude a complex financial investigation involving
inquiries in the UK, Europe and the United States.

‘Together with the Crown Office, we are determined to apply
Proceeds of
Crime
legislation wherever possible to send a clear message to criminals and
fraudsters at all levels.’

Further reading:

HMRC helps recover stolen paintings

Clients set to return after money laundering changes

Growing pains for money laundering regulations

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