Crime gang jailed for £16m tax fraud

Mark Battersby
clock • 5 min read

A crime gang that smuggled huge amounts of illicit alcohol into the UK and stole more than £16 million in taxes, have been jailed for a total of more than 34 years, HMRC said in a release on 28 October. Shafqat Majeed, formerly of Hove, was given 10 years in prison for spearheading the multimillion-pound VAT and excise fraud while living a life of luxury and driving flash cars. The 52-year-old and ten other gang members have now been sentenced following two separate trials and sentencing hearings at Southwark Crown Court. An investigation by HM Revenue and Customs (HMRC) revealed t...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?


More on Taxation