Weather Icon 9.3°C Clear
Waste management boss from Droylsden jailed after £250,000 VAT theft
Tuesday 22nd January 2019 @ 18:03 by Tom Greggan
Droylsden News Tameside

A waste management boss from Droylsden has been jailed for stealing more than £250,000 in VAT repayments.

An investigation by HM Revenue & Customs found how 50-year-old Chaudhry Akbar, of Fairfield Road, used his two businesses to fraudulently claim £253,426.

He pleaded guilty to three counts of VAT fraud and money laundering at Manchester Crown Court and was sentenced to 18 months in prison.

While director of Thermal Power Ltd and Hyder Engineering (UK) Ltd, Akbar submitted 36 bogus invoices between June 2013 and November 2015.

He forged paperwork, making up business purchases for heavy machinery and goods. HMRC investigators found Akbar passed the stolen money through numerous bank accounts in an attempt to hide the cash.

Tim Atkins, Assistant Director, Fraud Investigation Service, HMRC, said: “This was a sustained attempt to steal taxpayers’ money and Akbar was shameless in his greed. He told lie after lie to line his own pockets and then tried to launder the cash so it couldn’t be traced back to him.

“VAT fraud steals money from vital public services such as schools and hospitals – this money is equivalent to the wages of ten newly qualified paramedics. I urge anyone with information about VAT fraud to contact HMRC online or call our Fraud Hotline on 0800 788 887.”

Akbar’s two companies, which provided engineering and waste management services, were liquidated in August 2016.

Information about any type of tax fraud can be reported to HMRC online at www.gov.uk/report-an-unregistered-trader-or-business.