The Channel logo

News

By | John Oates 23rd October 2006 10:47

'Carousel' bank's founder due in court

VAT fraudsters' favourite bank

John Deuss is due in court in Holland later today to face charges relating to the First Curacao International Bank (FCIB). Deuss, who founded the bank, was arrested by Dutch police on his arrival from Bermuda. Dutch and UK tax authorities took action against the bank in September.

UK Customs accuse FCIB of being the favoured bank of carousel fraudsters. HMRC reckons every individual it collared for carousel fraud in the last two years held an account at FCIB. It suspects some 2,500 UK citizens of using the bank.

Accounts were frozen after joint police raids in Holland and the UK. Customs said at the time the action would have a major impact on carousel fraud.

Deuss, who denies any wrongdoing, is appearing voluntarily and waived his right to an extradition hearing in Bermuda.

He will appear in the magistrates court today as prosecutors want more time to question him, according to the Guardian. More details here. ®

alert Send corrections

Opinion

Baby looks taken aback/shocked/affronted. Photo by Shutterstock

Kat Hall

Plans for 2 million FTTP connections in next four years 'not enough'
Microsoft CEO Satya Nadella
Stranded_ships

Chris Mellor

Thousands of layoffs announced as spinning rust enters its death spiral

Features

STRASBOURG, JUNE 29, 2016: The seat of the European Parliament. by Marco Aprile for shutterstock. EDITORIAL USE ONLY
Plan b, image via Shutterstock
EU workers, new markets: post-Brexit pressure on May & Co
Tough question, pic via Shutterstock
Honest mistake with your licensing? Audit police look at it on a 'case by case basis'