Six arrested in suspected £4m tax evasion investigation
Six people, one a financial adviser, have been arrested as part of an investigation into a suspected £4 million tax evasion and money laundering fraud.
Officers from HM Revenue and Customs searched six premises in Telford and Wolverhampton last week and arrested the four men and two women.
During the operation, four domestic addresses, five vehicles and two business premises were searched.
Two arrests were made at Birmingham Airport as the individuals re-entered the UK.
This is an investigation into suspected tax fraud on an industrial scale, attacking the PAYE system and associated money laundering. A self-styled financial adviser and five others have been arrested in connection with the investigation of which we believe involves the theft of PAYE payments collected from the employees of a number of companies in the West Midlands and Shropshire areas.
“Tax fraud is not a victimless crime and every year costs millions of pounds in lost revenue that should be funding public services. We are committed to working with our partner agencies in the UK and abroad to target those who try to rip-off taxpayers in the UK.
“Anyone with information about people or businesses suspected of being involved in tax fraud can contact HMRC through the Tax Evasion hotline on 0800 788 887.”
