Financial News

  • 16 January 2014, 1:57

Tax Fugitive Michael Voudouri Held In Cyprus

One of Britain's most-wanted tax fugitives has been arrested in Cyprus after spending months on the run.

Michael Voudouriwas seized at his home in the north of the country after allegedly using a forged passport, Police Scotland said.

He was listed among the UK's 10 most wanted tax fugitives last August after failing to appear for sentencing in connection with a multimillion-pound scam.

Voudourihad pleaded guilty to money laundering charges linked to VAT fraud at the High Court in Glasgow, but was not present for sentencing in March 2012.

He is believed to have cost UK taxpayers an estimated 10m.

His associates, Richard Housley and Caroline Laing, are serving four-year and two-and-a-half-year jail terms respectively.

A Crown Office spokesman said: "We are aware that Michael Voudouri has been arrested and is currently in custody in northern Cyprus in connection with an alleged immigration offence.

"We await the outcome of those proceedings with interest."

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