A group of fraudsters from Gravesend and Surrey have been convicted at court in connection with a fraud which denied British taxpayers of millions of pounds.
Narinder Chada and Gurmail Dosanjh set up fraudulent companies to buy and sell carbon credits. They would buy the credits at market value, but sell them on the cheap while also charging their clients VAT. By keeping the VAT rather than passing it on to the Government, the scheme deprived the UK public purse of £11.7 million.
Two other defendants, father and son duo Daniel Andrew Barrs and Daniel Barrs facilitated money laundering for this fraud and a previous case dealt with by HMRC in 2012. The total amount laundered was in excess of £20 million.
The Kent and Essex Serious Crime Directorate commenced an investigation in May 2011 after information was passed to the force by HMRC. The first arrests were made in April 2012 and the complex case came to trial in 2015.
The two month-long trial at Southwark Crown Court concluded on 26 March. The four guilty men will be sentenced on 20 April.
Chada, 61, from The Russetts in Meopham; and Dosanjh, 46, from Singlewell Road in Gravesend were both found guilty of conspiracy to cheat the public purse. Barrs, 65, from New Place Gardens in Lingfield and his 29 year-old son, from Suffolk Close in Horley, were both found guilty of conspiracy to commit money laundering.