CAB freezes €21m in fraud case
The CAB has been working with customs officers in Britain and Ireland and garda fraud bureau members to investigate a multi-million euro “carousel” fraud involving computer parts which originated in the US and the Far East.
The complex scam involves the movement of computer programming units between two European Union countries to avoid paying VAT. The CAB believes the accounts - two of which are in company names - are controlled by a 29-year-old company director from Ennis, Co Clare, who was arrested yesterday in Britain.
