THE INVESTIGATION AND TRIAL LEADING TO THE CONVICTION FOR MONEY LAUNDERING IN JANUARY 2013 Richard Housley OUTLINE POINTS HMRC gave £38Million of taxpayers’ money to the company QTech in VAT ‘repayments’ which were not due. HMRC expected QTech to turn over £250,000 in a year but paid out on a turnover of £22Million in the first quarter. HMRC went on to give the QTech fraudsters most likely over £100Million in ‘repayments’. For 10 Years HMRC paid out up to £800Million per mon