5 People Charged Over £12M Money Laundering, VAT Fraud

Law360, London (March 29, 2019, 2:21 PM GMT) -- Five people have been arrested and charged as part of an ongoing joint investigation by the U.K.’s tax authority and police into alleged money laundering and VAT fraud worth £12 million ($15.7 million).

The four men and a woman, all from Scotland, are aged between 34 and 61. The arrests were part of an ongoing investigation by HM Revenue and Customs and Police Scotland, the two forces said in a joint statement Thursday.

The full details of the fraud are yet to be revealed, but HMRC said all five were arrested and subsequently charged last week with VAT fraud and money...

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