Five people to be charged with tax relief fraud

Five people are to be charged in connection with a tax relief fraud that allegedly cost the public revenue around £125 million, the Crown Prosecution Service said today.

The group allegedly abused a tax relief that allows investors in the British film industry to offset losses against other tax liabilities in order to cheat the public revenue.

Keith Hayley, Robert Bevan, Charles Savill, Cyril Megret and Norman Leighton will each face three charges - conspiracy to cheat the public revenue, conspiracy to defraud and conspiracy to falsify documents, the CPS said.