Tax fraudster to have £1m home seized after landmark ruling

Published Date: 06 July 2008 A CONVICTED VAT fraudster is to have his £1m home confiscated after a ground-breaking legal ruling. Businessman Michael Voudouri will have his plush Bridge of Allan property sold off to provide money he has been ordered to pay back for running a multimillion-pound VAT scam. Appeal Court judges have ruled that the house he lives in in Stirlingshi re is one of his assets despite it being put in the name of an overseas-based trust. The ruling is the latest victory for the Government's move to seize the assets of criminals, a policy which often sees those assets used to fund more crime-busting experts and technology. Voudouri was found guilty of fraud in 2004 and sentenced to a four-year jail term. He is estimated to have defrauded the authorities to the tune of £3m. He was released in 2006, and the... [read full story]