Pair arrested on suspicion of role in £40m laundering plot in Romford raid
An HMRC investigator. Picture: HMRC - Credit: Archant
A man and a woman have been arrested in a dawn raid in Romford on the suspicion of playing a role in a £40million money laundering plot to disguise profits made in an alcohol scam.
The pair, both 47, were among a group of 14 detained by HM Revenue and Customs (HMRC) yesterday morning during a nationwide swoop.
Five lorry loads of beer and wine were seized in the raid as well as £650,000 cash.
Investigators from HMRC suspect the group were diverting non-duty paid alcohol and selling it on the UK market and estimate the fraud to have cost £40m in evaded duty and tax.
HMRC believe that the group arrested were involved in the laundering process.
The assistant director at HMRC’s criminal investigation unit, Alan Tully, said: “This is a major investigation into what we suspect is a well organised and professional attempt to launder the proceeds from a significant alcohol fraud and steal £40m from the UK economy.
“We are committed to stamping out alcohol fraud, which drains around £1billion from public finances each year, affecting public services and legitimate retailers who have to compete with the illicit market.”
Most Read
- 1 Farming family to be evicted from Upminster land they worked for a century
- 2 Man found dead following 'group disturbance' in Rainham
- 3 ‘He put his life into family’: Tributes paid to former builder who died of Covid
- 4 Murder investigation launched after man found dead in Rainham
- 5 Rainham cannabis factory worth over £1m busted in drugs raid
- 6 'I feel ignored': Mum of three speaks out about bid to escape cramped housing
- 7 School submits plans to demolish sports hall and build multi-million pound replacement
- 8 'Abused, slapped and spat at': New Romford shopping centre tells of racist abuse suffered by staff
- 9 Twelve Havering properties sold for more than £1m in October
- 10 Romford shopping centre to host more than 50 events in run up to Christmas
Investigators also seized computers, and personal and business records, during their searches.
The raid targeted 27 properties across London, Essex, Kent, Cardiff, Berkshire, West Midlands and Lancashire, and the group arrested are aged between 25 and 60.
HMRC is still investigating the plot and expect to decide today whether to charge or bail those arrested.
Anyone with information about individuals or groups involved in alcohol smuggling and tax evasion should contact the customs hotline on 0800 59 5000.
Read more:
Collier Row fraudster involved in £60m ‘Wolf of Wall Street’ scam will pay back £154kAids charity founder accused of inventing bogus donations in £100,000 tax relief scam£50m alcohol smuggling scam operated from Upminster
