Coventry & Warwickshire

International hunt for £10.4m Coventry tax fraud suspect

Rakesh Sharma is accused of nine counts of tax evasion totalling 12.8m euros (£10.4m) between November 2010 and May 2011.
Image caption Rakesh Sharma is accused of nine counts of tax evasion totalling 12.8m euros (£10.4m) between November 2010 and May 2011.

An international manhunt is taking place for a businessman from Coventry suspected of a multi-million pound tax fraud.

Rakesh Sharma, nicknamed Bobby, is accused of nine counts of tax evasion totalling 12.8m euros (£10.4m) between November 2010 and May 2011.

The 42-year-old is a boss at German firms Tie Seal Vertriebs in Frankfurt, and NHI, Mainz-Kastel.

German police believe he may be in Dubai, Kenya or the UK.

A statement from the German Federal Criminal Office said investigations had revealed Sharma had "participated in VAT missing trader fraud."

It said the investigation was being conducted by the Bundeskriminalamt (German Federal Criminal Office) in co-operation with the tax office in Darmstadt and under the governance of the public prosecutor general's office in Frankfurt.

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