A civil court case involving a dispute between the bosses of two clothing wholesalers first brought the activity to light.
These revealed how, over a period of months from October 2014, he arranged for false invoices to be produced as part of a dishonest scheme involving a network of companies with addresses in Leicester, most of which were "shell" companies which did no real trading and simply pretended to be garment suppliers.When Mr Nagra received an order from Select Fashion he would, unknown to them, arrange for the garments to be made cheaply by a so-called "cut, make and trim" supplier.
Mr Nagra would pay the inflated amount into the shell company's bank account. Almost immediately, the money would then be withdrawn from the bank account in cash and returned to Mr Nagra, apart from - typically - half the VAT, which would go to pay off accomplices.Mr Nagra would be left with a VAT receipt that looked above board for the taxman. The shell supplier company would often fold after a short time with its VAT liabilities unpaid.
"There are gangs of factory owners going around in brand new four-wheel drives and there are very, very poor exploited workers who are actually living in fear in the city, and you can feel it on the street," he said.Some firms involved in money laundering have supplied Boohoo and Select Fashion
They would be from Pakistan or Afghanistan. They are expert fraudsters.
What a surprise
is there a link to terrorism? no pissing about we want to know and we want to know now!!!
So when he’s found guilty will ALL assets be seized or a small fine and a slap on the wrist.
Also need to look at the cash in hand businesses like taxi drivers, indipendent fast food outlets and car washes....it is so widespread the courts will be tied up for years. Bust the bad ones and take all their assets.
Amazing prominent men in the community managed to hide their illegal activities from local councils and the Mayor! Still, the police investigation will expose any cover-ups that might have involved officials who might have been elected as a result of ethnic employee manipulation
Amazing. That's in addition to the slave wages and employment of illegals, then.
“demand for cheap clothes was fuelling fraudulent activity “ We’re all losers in this - whether it’s cheap electrical goods from China or throwaway fashion made in the UK using slave labour and tax evasion/fraud. When will the public wake up to this?
England is home to Money Launderers.
Now take a look at the Turkish barbers.
Not just the Asians in Leicester,practically all the Asians in Preston Blackburn Bolton Bradford dewsbury and London, and non Asians too who have rapped the country on VAT fraud for the past 30 40 years, but use their spiritual devil worshiping to block the gov from finding out.
Imagine my shock.
My understanding of money laundering is that the money has to involve criminal activity. This is a civil case. I would like to know if Rostum Nagra or Select Fashion actually used offshore bank accounts.
Put it through HSBC they don’t mind
Well done, but the Asian community knew of this sort of practice 30 years ago. Trading with chains like Top Shop has always been the case. Now time for all the dodgy builders, landlords / Councillors - start in Coventry
He's an immigrant, what else do you expect.
The same ole scumbags
All comes out in the wash.
no different to the banks and financial institutions in the capital, which the choose to ignore. to the laundering of taxpayer billions that the Conservatives are stealing via dodgy contracts with Serco, Deloittes, PPE Medpro etc..which the choose to ignore.
CROOKS
terrible sow and sow
Breaks our hearts
The legacy of Roy Jenkins.
Tell us something we don't already no
You didn’t think Boohoo could get such good pricing from suppliers without them lining their pockets in other ways did you?
Cloth in the act!