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Vaughan disqualified over alleged fraud

Published on 11 Nov 2009 under category: legal

Chester City Football Club's owner has been banned from being a company director due to alleged fraud crimes.

Stephen Vaughan has been disqualified from occupying this role for the next 11 years.

This follows a probe by the Insolvency Service into alleged value added tax (VAT) fraud crimes.

Vaughan's period as director of the Widnes rugby club was covered by the investigation.

The 48-year-old is accused of coming up with a carousel fraud to aid Widnes after it fell into administration in 2007.

These crimes involve goods being traded between the UK and the European Union, with VAT being reclaimed on purchases.

Ken Beasley, official receive for the Insolvency Service's Manchester unit, said: "Carousel VAT fraud is a serious offence which deprives the UK of billions of pounds of tax revenue each year and the Insolvency Service will investigate any director of a company involved in such actions."

Chester City was put into administration earlier this year amid reports of multi-million pound debts.

If you require advice on Corporate Fraud please call us on +44 (0)20 7831 0101 and ask for Dan Hyde.