Breaking: Hotcha Bristol raided on suspicion of money laundering
4 people were arrested
HMRC raided more than 3 properties and 12 other address in Bristol, Swindon and Bournemouth in surprise ‘Dawn Raids’ following a suspected £35million money laundering operation.
According to the Bristol Post, 80 officers were involved in the operation, in which computers and business records were seized. The fast food chain is suspected of tax avoidance and laundering, with 10 individuals in Bristol and South Gloucestershire being arrested and later released after questioning.
The raids affected business in several branches in Bristol, including those on Whiteladies Road, Baldwin Street and Gloucester Road. Most of them are closed, and only one branch is taking delivery orders following these events. HMRC says the investigation is ongoing.
Assistant director of the fraud investigation service, Colin Spinks, said: "Tax fraud is often thought victimless but it isn’t. The public lose out on vital funds for essential services. We will continue to work with our partners to tackle this crime."