UK - Andrew Meeson, the president of the Association of Tax Technicians, has stepped down from his post after being charged in relation to a £5m ($8m) pension tax fraud.
In September last year, GP's sister title IFAOnline revealed Meeson (pictured) had been arrested over his role as director of pension scheme administrator Tudor Capital Management.
Four senior employees of Tudor, including Meeson, were arrested on suspicion of fraud, cheating the public revenue and money laundering.
A HM Revenue & Customs statement said: "The former president of the Association of Taxation Technicians and three of his business associates who administered a pension scheme, have been charged with stealing £5m through a tax fraud targeting the pension industry."
It added: "The four - three men and a woman - were arrested last year in dawn raids carried out by HMRC investigating an alleged multi million pound fraud. The raids took place at residential and business premises in the West Midlands, Derby and Leicester."
HMRC assistant director of criminal investigation Simon De Kayne said: "Today four people have been charged linked to what we believe is a fraud resulting in over £5m being stolen from public funds. We are committed to bringing such cases to the courts and depriving those involved of the proceeds of their crime."
Meeson told PP's sister title Accountancy Age: "I and my colleagues at TCM reject these allegations in their entirety and we will be fighting hard to clear our names.
"Nevertheless the case now looks likely to come to court in the second half of 2012. Given this, it is proper that I stand down from the presidency and trusteeship of the ATT."
HMRC said the defendants were charged with conspiracy to cheat the revenue after being summonsed to appear at Birmingham Magistrates Court today.
They have all been bailed until 9 November to appear at Birmingham Crown Court.
The defendants are:
* Andrew Meeson, (DOB 10.06.61), former president of the Association of Taxation Technicians, George Street, Wolverhampton, West Midlands.
* Peter Spencer Bradley, (DOB 08.02.67), of Springhill Lane, Lower Penn Wolverhampton, West Midlands.
* Alison Jayne Bradley, (29.01.65), of Springhill Lane, Lower Penn, Wolverhampton, West Midlands.
* Steven Price (28.07.64) of Pratts Lane, Mappleborough Green, Studley, West Midlands.
The statement added in conjunction with HMRC executing the search warrants last year The Pensions Regulator took action to suspend Tudor Capital Management from acting as trustees from pension trust schemes.
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