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News
Eleven arrested for £50m alcohol fraud
Officers have arrested 11 men as part of a UK investigation into a £50 million alcohol and VAT fraud scam.
Eleven men have been arrested as part of an alcohol money laundering probe
The BBC reports that the arrested men, from across the south of the country, were arrested on suspicion of laundering profits of the fraudulent activity.
It is suspected the men laundered £50 million in evaded alcohol tax and duty.
HM Revenue and Customs (HMRC) officers searched 11 residential homes and eight business addresses on Wednesday (28 January) morning.
Along with the arrested men, officers seized £400,000 in cash, computers and person and business records.
The men, arrested under the Proceeds of Crime Act, have been bailed until 30 June.
In October last year, HMRC arrested three people on suspicion of tax evasion linked with an £80m alcohol fraud scam.