Arrests over £2.4m VAT fraud related to horse racing

Three people have been arrested on suspicion of a £2.4m VAT fraud connected to the horse racing industry.

HM Revenue and Customs (HMRC) criminal investigators made the arrests at homes in Essex and Buckinghamshire. Two business premises were also searched.

A 63-year-old man and a woman, 50, were arrested near Braintree, an HMRC spokeswoman said.

A 64-year-old man was arrested at a residential address in High Wycombe, Buckinghamshire.

They are being questioned in relation to fraud by false representation, cheating the public revenue and money laundering.

Paul Barton, HMRC assistant director for criminal investigation, said: "Tackling tax fraud is a key priority for HMRC and we will not hesitate to investigate those suspected of stealing public funds."

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