Mystery of the Missing Trader and the Missing Millions

Summary


HM Customs, now merged with the Inland Revenue, claims it has known all about the great 'missing trader' fraud for five years.

Yet the wider world heard nothing of it until 2003. By then it had reached the point where fraudsters were importing and exporting such monstrous volumes of mobile phones and computer bits - any saleable small objects with a high value - that they showed up in the official trade figures.

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Extract


Mystery of the Missing Trader and the Missing Millions

Now it has happened again. The fraud, hitherto confined to EU countries, seems to have shifted to the wider world. British exports o...

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