RegulationCorporate Governance10 UK arrests in carousel fraud crackdown

10 UK arrests in carousel fraud crackdown

10 arrests made by HMRC over suspected multi million pound carousel fraud

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.

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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