Three held in tax probe

by British Horseracing Authority News Headlines 4 years ago

Three people have been arrested on suspicion of a �2.4 million VAT fraud connected to the racing industry.

HM Revenue and Customs (HMRC) criminal investigators made the arrests at homes in Essex and in Buckinghamshire. Two business premises were also searched.

A 63-year-old man and a 50-year-old woman were arrested at a residential address near Braintree, an HMRC spokeswoman said. A second man aged 64 was arrested at a residential address in High Wycombe, Buckinghamshire. They are being questioned in relation to fraud by false representation, cheating the public revenue and money laundering.

Paul Barton, HMRC assistant director for criminal investigation, said: “Tackling tax fraud is a key priority for HMRC and we will not hesitate to investigate those suspected of stealing public funds.”

It is understood one of the premises raided was the Great Leighs racecourse near Braintree.

The all-weather course opened in 2008 but last saw action in 2009.

Robin Mounsey, spokesman for the British Horseracing Authority, said: “We have been informed of the arrests. We understand that none of the individuals involved is a licensed person. This is a matter for HMRC.”

Read the rest of the story British Horseracing Authority News Headlines


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