Magazine article Screen International

Five Face [Pounds]125m Film Fraud Charges

Magazine article Screen International

Five Face [Pounds]125m Film Fraud Charges

Article excerpt

Five include Salt co-directors Robert Bevan and Cyril Megret and former Little Wing Films execs.

Five people are due to appear in Birmingham Magistrates' court in June in connection with a film tax scam.

Salt co-directors Robert Bevan and Cyril Megret, executive producers Keith Hayley and Charles Savill formerly of Little Wing Films (as was Bevan), and Norman Leighton will each face three charges - conspiracy to cheat the public revenue, conspiracy to defraud and conspiracy to falsify documents, the Crown Prosecution Service said.

It is alleged that the tax relief fraud cost the public revenue around £125m ($194m), according to the CPS.

Andrew Penhale from the CPS said the evidence suggested there was "a conspiracy to defraud investors".

"It is alleged that, between January 1, 2002 and July 1, 2011, a tax relief that allows investors in the British film industry to offset losses against other tax liabilities was abused and dishonestly marketed in order to cheat the public revenue," Mr Penhale added. …

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