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Home News A Gibraltar businessman and his son face money laundering charges after concealing £22 million in undeclared tobacco sales
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A Gibraltar businessman and his son face money laundering charges after concealing £22 million in undeclared tobacco sales

08/03/2023

A Gibraltar shop owner has been charged with

  • Concealing a turnover of more than £22 million in undeclared tobacco sales from the tax office.

Rajesh Shukla appeared at the Magistrates’ Court on Tuesday morning facing multiple charges linked to

  • Money laundering and
  • Tax evasion.

62-year-old Rajesh Shukla is the sole director of Riverwall Ltd, a tobacco retailer in Ocean Heights.

The charges against Rajesh Shukla include

  • Tax evasion by falsely declaring his own income, as well as his company’s turnover, making a gain for himself of over £1 million.
  • Possessing £61,816 in cash of various currencies whilst knowing this was criminal property,
  • As well as a further charge of selling more than 200 cigarettes to any individual at any one time.

The alleged offences date back to between 2015 and 2020.

Rajesh Shukla son, 32 year old Rohit Shukla, also faces a charge from August 2020 of possessing criminal property.

  • Being in possession of over £17,000 undeclared income in different currencies, whilst knowing it was criminal property.

The charges follow an extensive financial investigation by Customs officers.

The case has been adjourned until next week, with matters likely to be sent to the Supreme Court due to their serious nature.

Rajesh Shukla has been granted £10,000 bail, with his son bailed at £1,000.

Read the source here - https://www.gbc.gi/news/tobacco-retailer-appears-court-22-million-tax-evasion-and-money-laundering-charges

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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.  

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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.