A Sandown businessman who was arrested as part of an investigation into a suspected £135,000 VAT fraud has been released without charge, HMRC have confirmed.
As previously reported by Island Echo, HMRC officers arrested the unnamed 48-year-old man at a residential property in Sandown on the morning of Wednesday 31st August. 2 business premises and a residential address in the Sandown and Shanklin areas were searched with computers, business and personal records seized.
It has been confirmed by Her Majesty’s Revenue and Customs that the man was released from bail without charge on 14th March.
