Eldwick Law successfully secured a deferment of sentence for an individual accused of a £3.6 million tax fraud.
The Defendants were two very successful Yorkshire based property developers, accused of a complex tax fraud, which concerned the transfer of shares holding valuable property (valued in excess of £11 million after construction) into various offshore entities, including Gibraltar and the BVI.
The allegations arose out of the infamous 2016 Panama Papers, which involved 11.5 million documents being leaked from the former Panamanian offshore law firm and corporate service provider Mossack Fonseca.
His Majesty’s Revenue and Customs (HMRC) then commenced action against our client, invoking the COP 9 procedure, following which criminal proceedings were initiated.
The Defendants expected to receive a prison sentence in excess of 6 years, but through settlement discussions with the Prosecution, we were able to secure a sentence which did not involve any prison time or further enforcement action through Proceeds of Crime Act proceedings.
Senior Partner of Eldwick Law, Mohammed Sarwar Khan, acted in this matter, together with Abbas Lakha KC of 9 Bedford Row (Chambers Of Steven Kay QC). A link to 9 Bedford Row (Chambers Of Steven Kay QC) press release, which includes a link to the Case Summary.
Mr Khan regularly acts for individuals and entities accused of fraud and serious crime. If you are facing any allegations of fraud, please contact our team at Eldwick: mail@eldwicklaw.com
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