Press release -
Fraudster who funded jet set life with stolen taxpayers’ cash is jailed
A fraudster who used stolen cash to fund a lavish lifestyle filled with luxury cars and holidays has been sentenced to seven years in prison.
Veekshit Ramoo, 32, of New Addington, Croydon, who was arrested after arriving at Heathrow Airport on a flight from Mauritius in May 2019, submitted £2.1m of fraudulent VAT repayment claims to HM Revenue and Customs (HMRC). The claims were made through his book-keeping company Ramoo Associates UK Ltd, for VAT payments to suppliers that were never made.
Some of the money was used to pay off a £131,000 mortgage held by his wife’s parents. More than £650,000 of the stolen money was also spent on long haul holidays and luxurious cars.
Ramoo was charged with tax fraud and money laundering offences after his arrest.
Richard Wilkinson, Assistant Director, Fraud Investigation Service, HMRC, said:
“Veekshit Ramoo used taxpayers’ cash as a piggy bank to indulge his lavish lifestyle, love of fast cars and expensive holidays, but he came unstuck after investigators uncovered his lies.
“Our actions do not stop at conviction. We will now seek to recover the stolen money. We encourage anyone with information about tax fraud or money laundering to report it online or call the Fraud Hotline on 0800 788 887.”
HMRC officers uncovered the fraud when the claims were checked. Analysis of individual and business bank accounts showed spending on jewellery, private hospital treatment, shopping trips to Harrods, fireworks, nightclubs and event tickets.
Investigators established Ramoo spent £411,000 on luxurious cars, including a gold Audi R8 4.2 Quattro, an Aston Martin Rapide and an Audi Q7. He posted pictures on social media of himself posing with his cars with the #highlife caption.
He also spent £149,000 on flights and more than £112,000 on foreign exchange. He made several trips to Mauritius and took holidays in India and China.
Ramoo was found guilty of cheating the public revenue and two counts of converting criminal property at Southwark Crown Court on 2 July 2021. He was sentenced to seven years in prison at the same court today, 7 July 2021.
Confiscation proceedings are underway to recover the stolen money.
Notes for editors
- Veekshit Ramoo (also known as Arun), DOB 06/08/1988, of Betchworth Way, New Addington, Croydon, submitted false claims for the repayment of VAT totalling £2.1 million and received repayments of £1.6 million. He was charged with:
- Cheating the Public Revenue between 26 March 2012 - 31 December 2017.
- Two counts of Converting Criminal Property between 30 April 2014 - 8 November 2016.
- Ramoo was found guilty on all three counts at Southwark Crown Court on 2 July 2021 after a month-long trial. He was sentenced to seven years in prison for Cheating the Public Revenue and six years for Converting Criminal Property, to run concurrently, at Southwark Crown Court on 7 July 2021. He was also disqualified from being a company director for 10 years.
- We encourage anyone with information about tax fraud or money laundering to report it online or call the Fraud Hotline on 0800 788 887.
- Follow HMRC’s Press Office on Twitter @HMRCpressoffice
Issued by HM Revenue & Customs Press Office
HM Revenue & Customs (HMRC) is the UK’s tax authority.
HMRC is responsible for making sure that the money is available to fund the UK’s public services and for helping families and individuals with targeted financial support.