UK Customs and Excise officials have arrested 10 people allegedly involved in a major VAT fraud involving computer components.
The seven men and three women were apprehended during a series of raids in the Midlands, and northern and south east England.
The suspects are alleged to have been involved in the moving of computer components between the UK and Ireland, charging VAT on the sale of components to customers and then closing the company without paying the tax, a scam known as missing trader fraud.
Operation Televise was carried out as a joint investigation with Irish authorities, where six other raids also took place.
News website Ananova quoted Customs and Excise assistant chief investigation officer Chris Pygall as saying: "Customs are determined to clamp down hard on VAT missing trader fraud and this joint approach with Irish revenue officers illustrates our commitment to tackling those involved wherever they may be."
It has been suggested that this type of fraud is responsible for putting legitimate companies out of business because they cannot compete with the low prices on offer.
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