Specialists in Serious Fraud and Complex Criminal Defence
Operation Tulipbox - £38 million carbon credit fraud - MPR Solicitors LLP instructed
MPR Solicitors LLP were instructed to represent a company director alleged to have been part of an organised crime group trading large volumes of high-value carbon credits. The Treasury suspected that at least £38 million in VAT had been stolen by a series of buffer companies. As a temporary measure, The Treasury removed VAT from carbon credits on 31.07.2009 until the EU agrees a common policy to prevent the tax loophole and similar alleged frauds from occurring. The potential problem had been identified by a number of leading academics in the US and the UK but the government was slow to identify the potential impact on the Treasury.
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How can MPR Solicitors LLP assist you?
We have been appointed to the Legal Services Commission’s specialist Fraud Panel which only a handful of law firms in the UK are members of. This demonstrates our expertise to advise and act for individuals, company directors and businesses facing serious prosecutions primarily by the SFO and HMRC.
Members of the Firm have defended and acted for clients in some of the largest prosecutions involving MTIC frauds, Carousel frauds, VAT frauds, Mortgage frauds, Long Firm frauds, Revenue frauds and associated money laundering offences. We have a dedicated department for White Collar and Business Crime with the paralegal and back-office support staff. We also work with some of the country’s leading barristers’ Chambers specialising in Fraud work and Regulatory offences. We are also able to call upon the services of specialist forensic accountants to assist in the preparation of client cases.
Contact our experts for further adviceSeema Parikh