80 officers from HMRC carried out simultaneous raids at residential addresses in London, Coventry and Luton, and at two business premises in London, on Thursday 2 November 2017.
Chris Gill, Assistant Director, Fraud Investigation Service, HMRC, MRC,said:
“Tackling money laundering is a priority for HMRC and we will not hesitate to investigate those suspected of being involved. We ask anyone with information about this kind of activity to contact our HMRC Fraud Hotline on 0800 788 887.”
Four men and one woman, who were arrested and interviewed by HMRC, have been released on bail and a man has been released under investigation. Enquiries into the suspected fraud are ongoing.