FAQ's   |   Downloads   |   Feedback   |   Sitemap   
VAT fraud businessman Israr Javid faces jail in UK
Posted on 09 August, 2011
A Glasgow businessman, Israr Javid, 42, has been convicted of a £760,000 tax fraud and was also found guilty of planning to defraud HM Revenue and Customs of a further £3.5m.

Modus operandi

Mr. Javid indulged in the VAT scam while working as a company secretary and director of Blueridge Brokers. He bought computer components in the Republic of Ireland on which no VAT was charged. Javid then used false invoices claiming that VAT had been paid, saving his company £760,212 in VAT between November 2001 and March 2002. Javid claimed he was trading legitimately and that the scam was in Ireland and not Scotland.

Our Comments:

When it becomes difficult to hide the frauds and conviction rate goes up that the fraudsters stop. Law enforcement agencies and corporate entities therefore must send the message that fraud if committed will in all probability be discovered and that there will be zero tolerance for the frauds.


Nurturing ethical mind
Posted by Mukesh Arya on Fri, 22/07/2011
On the eve of launching the whistle blower facility (EthicsCall), I had to deal with choices on what to write on my first blog. Well, after some deliberation, I settled down on the subject of ‘nurturing ethical mind’. I remembered having read the renowned psychologist, Howard Gardner who came up with a set of five cognitive capabilities a human mind may develop over the life time of a person.

July 2011
Coming soon...

My organization has a business ethics policy?
Strongly Disagree
Strongly Agree
Don't Know
  RSS Feed
Home CEO Welcome
About us Code Of Conduct
Report Wrong Doing Resources
Mentoring Service Contact us
Training FAQ's
Anti-Fraud Measures Sitemap
What's New