Computer Chief Cleared of Fraud; in Brief

Article excerpt

. A COMPUTER tycoon wept after a jury cleared him of a [pounds sterling]14million VAT fraud. Irishman Dylan Creaven, 31, director of Silicon Technologies Europe Ltd based in County Clare, denied at Blackfriars Crown Court that he conspired to cheat the public revenue by supplying VATfree silicon chips to UK firms that added the tax on resale but failed to pay Customs and Excise.

Creaven insisted he did not know the law was being broken.

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