Called to account

Insight / Roofer’s £102k tax fraud falls through

Richard Cakebread, a self-employed roofer, has been jailed for 20 months for evading £88,000 in VAT and stealing a further £14,000 by failing to pay income tax, following an investigation by HMRC

Insight / Sham company director fakes death to avoid 14-year disqualification

In move described by the Insolvency Service as ‘bizarre’ a man who ran a sham TV company, which he claimed had a turnover of £4.7bn, got a friend to claim he had died, in order to avoid disqualification for dishonest attempts to obtain credit made through a limited company

Accounting / FCA mines Rio Tinto for record £27m fine over disclosure failings

FTSE 100 mining giant Rio Tinto has been fined a record £27.4m by the Financial Conduct Authority (FCA) for breaching disclosure and transparency rules, and is also facing fraud charges brought by the Securities and Exchange Commission (SEC) in the US against both the company and its former CEO and CFO

Insight / Former escort agency owner jailed for £212k tax fraud

Janine Adeleke has been jailed for three years after an HMRC investigation discovered she lied about the income from her escort agency to avoid paying £212,000 in tax and fraudulently claim over £37,000 in state benefits

Insight / Maltese Panama Papers investigator murdered

Maltese investigative journalist Daphne Caruana Galizia, who worked on the  Panama Papers inquiry and published allegations about the use of offshore tax havens by senior political figures on the island, has died in a car bomb explosion

Insight / Furniture director shelved with six-year ban

The director of a children’s furniture retailer has been disqualified for six years for removing £121,500 of company funds to avoid paying taxes when her business collapsed

Insight / Director ban for tax-avoiding football tour operator

Kenneth Moyes, who ran a company organising pre-season tours for top division football clubs, has been disqualified for five years from acting as a director after he withdrew cash from the company to avoid over £250,000 in tax payments

Insight / Car parking company £466k tax fraud puts boss in jail

The boss of a Manchester parking company has been jailed for stealing more than £466,000 of his employees’ tax payments following an HMRC investigation

Audit / FRC fines EY £1.8m over Tech Data audit misconduct

EY has been reprimanded and fined £1.8m, reduced from £2.75m, after admitting misconduct in relation to the audit of the financial statements of Tech Data Ltd (formerly known as Computer 2000 Distribution Ltd), for the financial year ended 31 January 2012, following an investigation by the Financial Reporting Council (FRC)

Insight / Insolvent financial adviser couple banned for hiding assets

A married couple who used hidden funds to maintain a lavish lifestyle after their financial advisory business collapsed have been banned from working in financial services for integrity failings by the Financial Conduct Authority (FCA), which has fined the wife £50,000 for attempting to mislead the regulator during an FCA interview

Insight / Accountant to pay £2k over VAT security bond failure

A Lymington accountant has been ordered to pay compensation of £2,000 plus costs for failing to pay a security bond, enforced by HMRC, to ensure VAT payments until three days before the case went to court

Insight / Director disqualification for accountants’ failure over £1.4m tax due

Two ICAEW-qualified accountants from Wales have been disqualified from acting as directors after failing to pay £1.4m in tax from their payroll companies

Insight / Brokerage firm director’s ban over £8m owing

George Popescu, the director of Boston Prime Ltd, a prime brokerage firm approved by the Financial Conduct Authority (FCA), has been disqualified for 12 years after owing over £8m to creditors

Audit / IT company in legal challenge over Deloitte ‘negligence’

Hong Kong-based IT solutions provider DMX Technologies has said it is taking legal action against its former auditor Deloitte for alleged negligence relating to accounting irregularities discovered in 2015, which resulted in the then CEO and chief financial officer leaving

Insight / Catering gang cooks up £240,000 VAT fraud

A man from Surrey who masterminded a six-strong gang that fraudulently claimed £240,000 in VAT repayments by setting up a fake catering business, has been jailed for three and a half years
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