A London mortgage broker who lied about his company profits to evade almost £115,000 in corporation tax has been found guilty of involvement in a tax and mortgage fraud.
He was found guilty of falsifying applicants’ income and employment details and at a separate hearing pleaded guilty to cheating HMRC. The Revenue is pursuing the £115,000 owed and confiscation proceedings have started by the police to recover criminal profits.
It was a joint investigation by HM Revenue and Customs and the Metropolitan Police that discovered Asim Hussain, the director of Lifestyle Mortgages (Middlesex) Ltd, had diverted company income into other bank accounts to reduce the profits of his company and pay less corporation tax.
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