Record Confiscation Order for Defendants

Record Confiscation Order for DefendantsTwo Defendants who were part of a 21-strong gang that stole more than £37 million in a complex VAT scam have been hit with a confiscation order of £92.3m.

The pair, who are currently serving seven-year jail terms, have been given two months to meet the confiscation order or face having an extra ten years put on their sentence.

The massive bill, a record for HM Revenue and Customs, is based on a series of assets bought and owned by the gang, including luxury houses in London, high performance cars, and the construction of the two blocks of flats in Dubai which are now worth £80 million.

Assets also include a luxury flat in Knightsbridge worth £4.5 million, a £2m house in Harrow, a £1.5m house in Buckinghamshire and a riverside flat in Battersea worth £500,000

With our experience and expertise Frenkels Forensics are able to assist with all types of forensic accounting investigations relating to criminal, commercial and business fraud.  We have also acted on many occasions for Defendants in these cases.  For more information please contact John Frenkel or Vivian Cohen on 020 8457 2929.


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