HMRC strips fraudster duo of £2.1m UK mansion registered in British Virgin Islands

Two VAT fraudsters, who chose to spend an extra decade in prison rather than pay back stolen cash, have had their £2.1m Buckinghamshire country house sold by HM Revenue and Customs (HMRC). In a statement on 5 October, HMRC said Syed Ahmed and Shakeel Ahmad, both 51, were jailed for seven years in 2007 for their part in a £12.6m VAT fraud that saw 21 individuals receive prison sentences totalling 74 years. The defendants were jointly ordered by the judge to repay £16.1m but the pair refused to comply with the court order and served an extra 10 years in prison instead. Despite servin...