Senior banking exec arrested on suspicion of tax fraud

A SENIOR London banker has been arrested on suspicion of tax fraud.

In a statement, HM Revenue & Customs said that the executive, a 63 year-old man, was arrested at a residential address in London yesterday. The suspected fraud concerns his personal tax return and is unrelated to his employer.

Alan Lee, deputy director, criminal investigation for HMRC, said: “Tax fraud is a serious crime and HMRC will not hesitate to take action and investigate where we find evidence of someone not playing by the rules.

“Further information cannot be provided at this stage as our investigation is ongoing.”

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