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Tax fugitive jailed for £10m scam

Written By blogger on Friday, June 27, 2014 | 4:36 AM

A tax fugitive who fled Scotland after admitting a £10.3m money laundering scheme has been jailed for more than 11 years.

Michael Voudouri was sentenced to 10 years for money laundering, and a further 18 months for failing to appear for sentencing in November 2012.

The 46-year-old admitted the VAT scam in 2012, but fled to Cyprus.

His solicitor said he had "serious concerns" about the case when he returned to Scotland in May.

Voudouri, of Bridge of Allan, has spent the last two years residing in Turkish-controlled northern Cyprus, but returned to the UK after Cypriot charges against him of carrying a fake passport were dropped.

In 2012 he admitted cheating the taxman out of millions of pounds by claiming VAT on bogus transactions, moving the money out of the country into foreign bank accounts.

He was sentenced to a total of 11 and a half years in prison at the High Court in Edinburgh.


Tax fugitive jailed for £10m scam

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