Two Manchester businesses raided as part of £15m tax fraud investigation - Manchester Evening News money laundering what is it

Two Manchester businesses raided as part of £15m tax fraud investigation – Manchester Evening News money laundering what is it

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Five people from cheshire have been arrested – and two manchester businesses raided – in as part of a £15m tax fraud investigation.

The operation is part of a probe into fears that restaurants and wholesalers are laundering money using offshore accounts and companies.

More than 80 officers from HM revenue and customs (HMRC) searched three residential and five business addresses in cheshire, manchester, merseyside and london on thursday.

Two business premises were searched in manchester and two homes in cheshire.

Cash, computers, business and personal records were seized during the operation. Read more

• ‘I hope he rots in hell’ – justice for woman who was sexually abused by her dad as a child

The arrests were made as a result of an investigation into the tax arrangements of various businesses, suspected tax fraud and associated money laundering.Money laundering what is it

Two men, aged 65 and 41, and three woman, aged 63, 42, and 30, from cheshire were detained.

A woman, 30, from london, was also arrested.

The operation saw cash detection dogs used. Those arrested have been interviewed and released on bail pending further enquiries.

Deputy director at the HMRC’s fraud investigation service andrew sackey said: “the vast majority pay the tax they owe. But no-one is beyond our reach and we will act against those suspected of hiding money offshore.

“businesses committing tax fraud steal from the public purse and have an unfair advantage over honest competitors.”

Thank you for subscribing! Could not subscribe, try again later invalid email

Five people from cheshire have been arrested – and two manchester businesses raided – in as part of a £15m tax fraud investigation.

The operation is part of a probe into fears that restaurants and wholesalers are laundering money using offshore accounts and companies.Money laundering what is it

More than 80 officers from HM revenue and customs (HMRC) searched three residential and five business addresses in cheshire, manchester, merseyside and london on thursday.

Two business premises were searched in manchester and two homes in cheshire.

Cash, computers, business and personal records were seized during the operation. Read more

• ‘I hope he rots in hell’ – justice for woman who was sexually abused by her dad as a child

The arrests were made as a result of an investigation into the tax arrangements of various businesses, suspected tax fraud and associated money laundering.

Two men, aged 65 and 41, and three woman, aged 63, 42, and 30, from cheshire were detained.

A woman, 30, from london, was also arrested.

The operation saw cash detection dogs used. Those arrested have been interviewed and released on bail pending further enquiries.

Deputy director at the HMRC’s fraud investigation service andrew sackey said: “the vast majority pay the tax they owe.Money laundering what is it but no-one is beyond our reach and we will act against those suspected of hiding money offshore.

“businesses committing tax fraud steal from the public purse and have an unfair advantage over honest competitors.”

Thank you for subscribing! Could not subscribe, try again later invalid email

Five people from cheshire have been arrested – and two manchester businesses raided – in as part of a £15m tax fraud investigation.

The operation is part of a probe into fears that restaurants and wholesalers are laundering money using offshore accounts and companies.

More than 80 officers from HM revenue and customs (HMRC) searched three residential and five business addresses in cheshire, manchester, merseyside and london on thursday.

Two business premises were searched in manchester and two homes in cheshire.

Cash, computers, business and personal records were seized during the operation.Money laundering what is it read more

• ‘I hope he rots in hell’ – justice for woman who was sexually abused by her dad as a child

The arrests were made as a result of an investigation into the tax arrangements of various businesses, suspected tax fraud and associated money laundering.

Two men, aged 65 and 41, and three woman, aged 63, 42, and 30, from cheshire were detained.

A woman, 30, from london, was also arrested.

The operation saw cash detection dogs used. Those arrested have been interviewed and released on bail pending further enquiries.

Deputy director at the HMRC’s fraud investigation service andrew sackey said: “the vast majority pay the tax they owe. But no-one is beyond our reach and we will act against those suspected of hiding money offshore.

“businesses committing tax fraud steal from the public purse and have an unfair advantage over honest competitors.”