N. Ireland Man Fined for Iraq Scam

By John Lee.

A Northern-Irish businessman, who was jailed for stealing more than £500,000 in fraudulent VAT repayments, has been ordered to repay £113,472 or serve a further three years in prison.

The man had claimed to be building water purification plants in Basra and Mosul, but didn’t have the funds to pay for the goods and services required to build the plants.

According to a report from Londonderry Sentinel, he told suppliers he needed invoices in advance to get letters of credit from the Iraqi Government to fund this multi-million dollar contract, and used the invoices as part of a false VAT refund claim totalling £567,420.17.

(Source: Londonderry Sentinel)

(Fraud image via Shutterstock)

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