Restaurant Owner Faces 7-years Behind Bars Or Pay £1.2million

Restaurant Owner Faces 7-years Behind Bars Or Pay £1.2million

A restaurant owner who laundered cash stolen by his VAT fraudster wife has been told he could face an extra seven-and-a-half years in jail if he does not pay £1.2 million.

Yong Hong Lu, 52, of Farnham, Surrey, was jailed for two years last May after HMRC investigation found he had laundered more than £1m.

His wife Huey Jun Khoo, 51, and business partner Jing Fu, 50, of Crondall, Hampshire, were sentenced for VAT fraud in May 2019, after they was found guilty of using an off-the-books card machine to pocket £180,000 in VAT.

Lu and Khoo used the stolen money from their four-year fraud to pay for designer clothes, holidays and school-fees.

Lu was jailed for two years, Khoo was jailed for three years and 9 months, and Fu was sentenced to seven months imprisonment, suspended for two years.

Lu must pay £1.2m within three months or face seven-and-a-half years longer in jail. Fu has three months to pay £50,000 and Khoo has been ordered to pay £15,000 within three months. If they fail to do so, they will be jailed for nine months respectively and still owe the money.

The VAT fraud and money laundering was discovered after a surprise visit from HMRC at the Bon East Chinese restaurant in 2015. Officers found two card reading machines – one linked to a business bank account and the other to a bank account which Khoo had opened in the name of one of the restaurant’s chefs.

Customer payments made into the ‘chef’ account were never declared to HMRC, to evade paying VAT.

After the HMRC visit, Khoo and Fu destroyed the business records in a failed bid to hide their crimes. Two documents which Khoo kept were later discovered at her home. Investigators also found £12,000 in cash hidden in a wardrobe in the couple’s home.

Khoo admitted evading VAT, money laundering and perverting the course of justice. Fu, admitted money laundering and perverting the course of justice. Lu was convicted of money laundering after a trial at Southwark Crown Court.

46 Years For £120million Booze Fraud Gang

46 Years For £120million Booze Fraud Gang

A gang from Berkshire that stole £34 million in VAT and laundered £87 million after selling illicit alcohol have been jailed for more than 46 years.

Gang leaders Jayesh Shah, Riaz Khan, Fiaz Raja and Muhammad Rasool, orchestrated a  VAT fraud. Gang members then laundered the stolen tax and the proceeds from selling illicit alcohol.

The group created paperwork detailing fictitious transactions, which were used as a cover for the sale of smuggled alcohol.

Evidence showed £87m was laundered through more than 50 bank accounts in Britain, Cyprus, Hong Kong, Dubai and other foreign countries. 

Shah, 52, of Wembley, Khan, 49, of Windsor, plus Raja, 51, and Rasool, 38, both of Slough, headed the gang who laundered the proceeds of illicit alcohol importations using companies under their control. The fraud was carried out over two years between January 2013 and 2015. 

The investigation team dismantled the complex operation after executing more than 20 warrants in January 2015 across London, Berkshire, Surrey, East Sussex and Buckinghamshire, seizing computers, £370,000 cash and business records.

Confiscation proceedings against the group are now underway.