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Fraudsters jailed for £107m 'cynical' green tax scam

Fraudsters jailed for £107m 'cynical' green tax scam

Business
Six men who orchestrated an "audacious and cynical" tax fraud have been jailed for between 11 years and 20 months.They persuaded wealthy people to invest in environmental projects in exchange for tax breaks, but then used the money to fund lavish lifestyles, buying overseas property and luxury holidays.HM Revenue & Customs said it could have lost up to £107m as a result.HMRC's Simon York said the men showed "complete disregard" for the ecological causes they claimed to be supporting."These individuals thought they had worked out the perfect fraud," he said, adding that work had started to recover the proceeds of their crime.'Bare-faced dishonesty'HMRC said the group, led by "self-styled ringleader" and scientist Michael Richards, enticed 730 high earners to invest in research and devel
'Godman' who raped women jailed for 10 years

'Godman' who raped women jailed for 10 years

World
A self-styled "godman" who was found guilty of raping two women has been jailed for 10 years by a judge in India.Violent protests had broken out after spiritual guru Gurmeet Ram Rahim Singh was convicted last week - killing at least 38 people and injuring hundreds more.More follows...Let's block ads! (Why?) World News - Breaking international news and headlines | Sky News
Billionaire Samsung heir jailed for five years

Billionaire Samsung heir jailed for five years

Business
The billionaire heir to the Samsung empire has been sentenced to five years in prison after being convicted of offering bribes to South Korea's former president.Lee Jae-yong was also found guilty by a panel of three judges of embezzlement, hiding assets overseas, concealing profits from criminal acts and perjury.The court in Seoul found Lee hoped that bribes to then-president Park Geun-hye and a close friend would secure support for a merger that strengthened his control over the Samsung empire and its flagship Samsung Electronics business.It marks the downfall for the scion of South Korea's richest family, which controls one of the world's largest consumer electronics companies.Lee, 49, was accused of offering $ 38m in bribes to four entities controlled by Choi Soon-sil, a friend of Park....
Q&A: Samsung chief is jailed. Here's what you need to know.

Q&A: Samsung chief is jailed. Here's what you need to know.

Technology
Samsung heir Lee Jae-yong, the de facto leader of South Korea's most successful business group, was sentenced Friday to five years prison for offering bribes and other crimes. Lee, 49, was groomed to lead the conglomerate that was founded by his grandfather and became such a dominating force in South Korea that it's mockingly called "Republic of Samsung" by the public. He took a higher profile role at the world's largest maker of smartphones, television sets and microchips that power consumer electronics after his father suffered a heart attack in 2014 and was poised to cement control. Instead, at the end of last year Lee was implicated in a massive political scandal that culminated in President Park Geun-hye's ouster. The court said he was guilty of offering bribes to the former president...
Samsung heir Lee Jae-yong jailed for corruption

Samsung heir Lee Jae-yong jailed for corruption

Technology
Media playback is unsupported on your deviceA court in South Korea has sentenced Samsung's billionaire heir-apparent Lee Jae-yong to five years in prison for corruption.Lee was convicted of bribery in a scandal that also saw the impeachment of South Korea's former president.The case has gripped the public amid growing anger against South Korea's biggest companies, known as chaebols.Lee, who denied all charges, had faced a jail sentence of up to 12 years.Also known as Jay Y Lee, the de facto head of the world's largest smartphone maker had been detained since February on a string of corruption charges. These included bribery, embezzlement and hiding assets overseas. What did he do?The 49-year-old is accused of giving donations worth 41bn won ($ 36m; £29m) to non-profit foundations operated