Fraudsters involved in scams costing the Treasury almost £100m have bought a string of luxury apartments in Dubai – now considered to have replaced Spain’s Costa Del Crime as the place to launder money – a major leak of a secret Dubai property database has revealed. The list of purchasers will be studied closely by British investigators, who have been chasing the missing millions the fraudsters owe the UK and other European countries. All the men are accused of being involved in so-called carousel fraud, which is estimated to have cost the UK £16.5bn in tax revenues between 2005 and 2016.
— source theguardian.com 24 Jun 2018