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Solicitor accused of £1m stamp duty fraud

A Leicester-based solicitor defrauded HM Revenue & Customs out of more than £1m in stamp duty land tax, Nottingham Crown Court heard last week.

Shameer Farouk Sacranie, 40, submitted to HMRC false information about the price of properties his clients had purchased, retaining their stamp duty payments for himself.

The scam, which involved 775 property transactions, ran between June 2006 and December 2011, when Sacranie was arrested after clients began receiving requests for stamp duty payments from the Revenue.

Prosecutor Simon Worlock says: “The defendant peddled and ran a bogus tax avoidance scheme. It was effectively a confidence trick to enable him to hang on to money due to HMRC.”

The case is ongoing.



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