A conveyancing solicitor who falsified SDLT documents to pocket stamp duty payments intended for HMRC totalling £311,862 has been struck off by the Solicitors Disciplinary Tribunal.This is the final act in a drama which started in 2012 when solicitor Munpreet Singh Virdee, a now former director of Reemans Solicitors, began under-declaring stamp duty payments made to him by clients.This continued until 2016. Virdee was later found to have doctored 36 forms in order to achieve the tax fraud, funds from which were used to prop up his ailing legal business, he admitted to investigators.This meant Reemans only paid £196,123 in tax instead of the full £463,335 to HMRC.But investigators finally caught up with him and Virdee was arrested two years ago and had to sell his home to pay back the stamp duty monies owed totalling approximately £225,000.DisqualifiedThe 49-year-old was later disqualified from being a director of company for six years and his company liquidated.Despite his contrition and repayment of the mis-appropriated funds, a Solicitors Disciplinary Tribunal has now decided to strike off Virdee.The tribunal said: “His misconduct was deliberate, calculated, repeated and had continued over a significant period of time. He had concealed his conduct from those with whom he worked. “When initially contacted by HMRC, he explained to his colleagues and to HMRC that the shortage in the payments had been made in error when he knew that was not the case.”“[Virdee] breached the trust placed in him by his clients to pay the full level of duty they owed; [he] was fully and solely responsible for his conduct and was an experienced solicitor whose misconduct arose from planned and deliberate acts.”Read the judgement in full.conveyancing solicitor Reemans Solicitors Munpreet Singh Virdee solicitor struck off stamp duty fraud August 19, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Conveyancing solicitor struck off over stamp duty fraud previous nextRegulation & LawConveyancing solicitor struck off over stamp duty fraudMunpreet Singh Virdee, a now former director of Reemans Solicitors, began under-declaring stamp duty payments made to him by clients in 2012.Nigel Lewis19th August 202001,795 Views
TagsTransfersAbout the authorPaul VegasShare the loveHave your say Man Utd push Luca Ercolani to open new contract talksby Paul Vegas9 months agoSend to a friendShare the loveManchester United have kicked off talks with Luca Ercolani about a new deal.The young Italian defender has impressed for the U18s this season.TMW says Ercolani’s current deal expires in June and United have approached his agent about negotiations over a new contract.The defender is keen, though is fielding interest from home and across Europe.Ercolani, 19, has been capped at U20 level by Italy.
New Delhi: In order to check the alertness of their staff in the cases related to missing persons, Delhi Police conducted surprise inspections in more than 50 police stations.Sources said that negligence was found in few police stations. Police sources told Millennium Post that a report of the surprise inspections was sent to Delhi Police Headquarters (PHQ). The checking was conducted earlier this year under the theme of “missing persons, promptness in the registration of cases and behaviour towards complainants.” Adding further, sources revealed for the purpose, a methodology was adopted by the checking officers in which they visited the police station assigned to them. “The officers picked up random cases of missing persons and reviewed their investigation. They also examined the missing person register,” sources said. After reviewing all the criteria, total marks/grading points of maximum 10 were awarded by checking officers to the police stations as per the satisfaction level of the complainants. Sources added that five police stations were awarded low grade after negligence of their cops were found in handling missing cases. “In one of the missing cases, it was revealed that no sincere efforts were made IO during the perusal of case file by checking officer,” said sources. Sources further revealed that negligence was found in another case in which three years old girl went missing from the hospital. The case was supposed to sent to the AHTU for further investigation but it was found undone. During one of the surprise checks, several reminders were given to the investigating officer (IO) but the case file was not produced before the checking officer for the perusal. “The officer wrote in his report that there seems to be an effort to avoid inspection of the case file for the obvious reason as it shows that no sincere efforts have been made in the investigation. The IO in the case was transferred but has not returned the case file to police station record,” sources added. “There were no efforts were made to trace the missing child by police personnel. No hue and cry notices, no newspaper publication issued by the IO,” the checking officer wrote in the inspection report of another police station.
New Delhi: Describing the government’s move to slash corporate tax rate as a bold measure, RBI Governor Shaktikanta Das on Tuesday said it has made India a very attractive destination for foreign investment. In the biggest reduction in 28 years, the government on Friday cut corporate tax rate by almost 10 percentage points as it looked to pull the economy out of a six-year low growth and a 45-year high unemployment rate by reviving private investments with a Rs 1.45-lakh crore tax break. Also Read – Commercial vehicle sales to remain subdued in current fiscal: Icra Base corporate tax for existing companies has been reduced to 22 per cent from the current 30 per cent; and for new manufacturing firms, incorporated after October 1, 2019 and starting operations before March 31, 2023, it was slashed to 15 per cent from the current 25 per cent. “It is a very bold measure, and it is a highly positive step. India’s corporate tax now becomes very competitive compared to other emerging market economies in ASEAN and other parts of Asia. So far as international investors are concerned, so far as FDI is concerned, I think India stands definitely in a very competitive position, and would be able to attract higher investments,” Das said. Also Read – Ashok Leyland stock tanks over 5 pc as co plans to suspend production for up to 15 days With regard to domestic investors, he said, they now have more cash so they’ll be able to undertake more capital expenditure. They can invest more and some of them can deleverage their liabilities which will add strength to their balance sheets, he said after meeting Finance Minister Nirmala Sitharaman here. Talking about the meeting with the finance minister, the Governor said, it was a customary meeting ahead of monetary policy meeting. “There is a long tradition that the governor meets the finance minister and discusses about the overall macro economic position. So today’s meeting was basically that,” he said. The three-day monetary policy committee meeting will begin on October 1 amid expectations of rate cut to be announced on October 4 in a bid to revive the sagging economy. Last week, Das had said the government has limited fiscal space to support growth, but low inflation can help the monetary authority ease policy rates further and help boost the economy. The RBI has already cut rates four times to the tune of 110 basis points this year to push growth. “Today, when we see that the price stability is maintained and inflation is much below 4 per cent and is expected to be so in the next 12 months horizon, there is room for (more) rate cuts, especially when growth has slowed down,” Das had said. However, he refused to share RBI’s revised growth projection, stating that it will go public with the revised numbers at the upcoming monetary policy announcement on October 4.
Washington: The United States on Tuesday voiced fears of many countries that following abrogation of Jammu and Kashmir special status, Pakistani militants might launch terror strikes in India unless Pakistan “keep a lid on militant groups”. I think many have concerns that Pakistan keep a lid on militant groups that might conduct cross-border activities as a result of the Kashmir decisions, and I don’t sense that China wants that kind of conflict or would support that, Assistant Secretary of Defense for Indo Pacific Security Affairs, Randall Shriver, told a Washington audience. Also Read – India gets first tranche of Swiss account details under automatic exchange framework Shriver was responding to a question on China’s support to Pakistan on the issue of Kashmir after India nullified articles 370 and 35A of its the Constitution that gave special privileges to Jammu and Kashmir. I think it (China’s support to Pakistan on Kashmir) is mostly diplomatic and political support, Shriver said. They (Chinese) have supported Pakistan in international fora. There is some discussion about whether or not Kashmir would be taken up in the UN, China would support that. But in terms of something beyond that or more active, I don’t see it, the top Pentagon official said. Also Read – Afghan Taliban frees 3 Indian hostages in exchange for 11 top militant leaders: Reports China has a long-standing relationship with Pakistan, and they have growing competition with India, he said, adding that India seeks a stable relationship with China. Referring to the ongoing visit of India’s External Affairs Minister S Jaishankar, Shriver said the US is having consultations with him. We have talked about the relationship with China. They want a stable relationship with China, but there’s no doubt that there is growing concern and competition there as well. So I think on a range of issues to include Kashmir, China has leaned toward Pakistan, Shriver said.
Pune: The Republican Party of India (A), an ally of the ruling BJP, has fielded Deepak Nikalje, brother of jailed underworld don Chhota Rajan, from Phaltan Assembly constituency in Western Maharashtra. The RPI, led by Union minister Ramdas Athawale, has been given six seats as part of the seat-sharing deal between the BJP, Shiv Sena and other smaller allies for the October 21 state elections. Athawale announced the candidates in Mumbai on Wednesday. Also Read – Personal life needs to be respected: Cong on reports of Rahul’s visit abroad Nikalje, who has been with the RPI for several years, had earlier unsuccessfully fought assembly elections from Chembur in Mumbai on the party’s ticket. “This time he expressed willingness to fight the election from Phaltan since he hails from that area and has a good network there,” said a senior RPI leader. Other five seats where RPI would be fielding candidates are Malshiras in Solapur district, Bhandara and Naigaon in Nanded district, Pathri in Parbhani and Mankhurd- Shivaji Nagar in Mumbai.
Mumbai: The rupee on Friday closed almost flat at 70.88 against the US dollar after the Reserve Bank of India in a widely expected move cut key interest rates by 0.25 percentage point. At the interbank foreign exchange market, the rupee had opened strong at 70.82 against the US dollar at the interbank forex market. During the day, the domestic unit fluctuated between a high of 70.78 and a low of 71.03. The rupee finally settled at 70.88, down 1 paise over its previous close. Also Read – Commercial vehicle sales to remain subdued in current fiscal: Icra On a weekly basis, the local unit slumped by 32 paise. The Reserve Bank on Friday cut its benchmark lending rate by 0.25 percentage point to revive economic growth and affirmed commitment to remain accommodative to address growth concerns ‘as long as necessary’. “Overall the policy was in line with market expectations and it did not have any major impact on the rupee,” said Rahul Gupta, Currency Head Research, Emkay Global Financial Services. Also Read – Ashok Leyland stock tanks over 5 pc as co plans to suspend production for up to 15 days Gupta further said that “the only surprise factor was a sharp cut in FY20 GDP to 6.1 per cent from 6.9 per cent as local economic activity has weakened along with a slowdown in the global economy and lingering geopolitical tensions”. In the fourth bi-monthly review of the policy, the RBI sharply reduced its GDP growth estimate to 6.1 per cent for FY20 as against 6.9 per cent it was expecting earlier. This cut came in the wake of June quarter growth slipping to a six-year low of 5 per cent, which is attributed to a slowdown in consumption, lack of new investments by the industry and also a slump in the global economy. Forex traders said markets had discounted the rate cuts. Moreover, foreign fund outflows, heavy selling in domestic equities and rising crude oil prices also kept pressure on the Indian rupee. “Going forward we are not expecting USDINR to fall below 70.50. hence the range for next week will be 70.65- 71.35,” Gupta added. Foreign funds pulled out Rs 682 crore from the capital markets on a net basis on Friday, provisional data showed. The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.12 per cent to 98.74. Meanwhile, the 10-year government bond yield was at 6.69 per cent on Friday. Brent crude futures, the global oil benchmark, rose 0.75 per cent to trade at USD 58.14 per barrel. On the domestic market front, the 30-share Sensex ended 433.56 points or 1.14 per cent lower at 37,673.31. It hit an intra-day low of 37,633.36 and a high of 38,403.54. The broader NSE Nifty plunged 139.25 points or 1.23 per cent to close at 11,174.75. The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 71.1163 and for rupee/euro at 77.8927. The reference rate for rupee/British pound was fixed at 87.4195 and for rupee/100 Japanese yen at 66.39.
Islamabad: Pakistan’s parliament has blocked a bill seeking an amendment in the Constitution to allow non-Muslims to become Prime Minister and President of the country. Dr Naveed Aamir Jeeva, a Christian lawmaker from the Pakistan Peoples Party, wanted to move a bill on Wednesday to amend article 41 and 91 of the constitution to allow non-Muslims to become Prime Minister and President of Pakistan. However, Minister of State for Parliamentary Affairs Ali Muhammad opposed the proposed legislation. The minister said that Pakistan is an Islamic Republic where only a Muslim can become the President and Prime Minister. The move was appreciated by rightwing Jamaat-e-Islami (JI) member Maulana Abdul Akbar Chitrali.
New Delhi: Jasprit Bumrah is a “phenomenal talent” and will only get better with each passing day, says his Indian teammate KL Rahul. Rahul and Bumrah are not part of the Indian squad currently participating in the three-match Test series against South Africa. While Bumrah has been ruled out because of a stress fracture, Rahul has been excluded from the squad owing to his poor form in the longer format. “He (Bumrah) is a phenomenal talent and I’ve had the privilege and opportunity to play with him even before he had the opportunity to play for his country. We played on the same junior level team and he’s always someone that’s very determined and dedicated and very passionate about cricket, and he’s someone you don’t want to mess with because he bowls the ball at serious speeds and he’s a competitor off the field even when we are playing against each other. Also Read – We will push hard for Kabaddi”s inclusion in 2024 Olympics: Rijiju”There’s no mercy for the guys who play for the country — he’s always very competitive. The things that he’s doing for the country right now is absolutely fantastic and I know he’s only going to grow and get better,” Rahul said during a Red Bull interaction. The 27-year-old, who plays for Kings XI Punjab, also revealed how he would love to team up with England all-rounder Ben Stokes in the Indian Premier League (IPL). Stokes played an instrumental role in England’s first 50-over World Cup triumph earlier this year. The 28-year-old then repeated his heroics with a superb match-winning 135 not out in the third Ashes Test against Australia. “What he did was unbelievable. It will always remain the best Test match that was ever played. To play an innings like that is incredible,” Rahul said. Also Read – Djokovic to debut against Shapovalov at Shanghai Masters”He (Stokes) can bowl, he’s a phenomenal fielder, yeah, he’s played out there before and he’s had a great impact on the teams he’s played for. I hope he can play for my team, it’d be great to have him in my team,” said Rahul. Rahul, who has played 36 Tests, 23 ODIs and 28 T20Is for India, also revealed that Australia’s Pat Cummins is the toughest bowler he has played so far. “I found him (Cummins) very hard to face. Rashid Khan has always got the edge over me — he has my number a little bit. (There’s) Nathan Lyon from Australia (also). All these guys and Bumrah of course,” he added.
New Delhi: The Mirage 2000 squadron that carried out the Balakot air strikes and the squadron of Wing Commander Abhinandan will be honoured by IAF chief Air Chief Marshal RKS Bhadauria on Air Force Day in Ghaziabad on October 8. Defence officials said here on Saturday that IAF chief Bhadauria will present citations to both squadrons on the occasion of Air Force Day. Besides, the 601 Signal Unit that “Citations will be presented to the 51 Squadron of the IAF as also the 9 Squadron on the occasion of Air Force Day. Air Chief RKS Bhadauria will present the citations to the group commanding officers of the squadrons on Air Force Day,” a senior IAF official told IANS. Also Read – India gets first tranche of Swiss account details under automatic exchange framework The 601 Signal Unit that foiled Pakistan’s aerial attack on February 27 will also be presented with a citation. The 51 Squadron, also known as ‘Sword Arms’ or ‘Falcon Slayers’, is based at the Srinagar Air Force Station and comprises MiG 21 Bison fighter aircrafts. Wing Commander Abhinandan, who belongs to the 51 Squadron, had shot down a Pakistani F-16 jet that had intruded into the Indian borders on February 27. During the dogfight, Abhinandan’s MiG 21 Bison had also been shot. He had been captured by the Pakistani forces only to be released a day later. Also Read – Afghan Taliban frees 3 Indian hostages in exchange for 11 top militant leaders: Reports The 9 Squadron of the IAF, also known as ‘Wolfpack’, is based at the Gwalior Air Force Station and comprises Mirage 2000 fighter jets. Five Mirage 2000 fighter jets of the 9 Squadron had carried out the airstrikes against a terror camp near Balakot in Khyber Pakhtunkhwa province of Pakistan, in a pre-dawn aerial attack. On Independence Day this year, Abhinandan was awarded with the gallantry medal Vir Chakra. The five pilots who flew the Mirage 2000 over Balakot to carry out the aerial attack had been conferred the Vayu Sena medals. Squadron Leader Minty Agarwal of the IAF, who belongs to 601 Signal Unit, had been awarded with the Yudh Sewa Medal for controlling the fighter jets when Pakistan violated Indian airspace on February 27.