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Locked up for unlocking scam

A tax consultant has been jailed for four years for a pension unlocking scam that transferred £16.5m from an occupational scheme.

Anil Kumar of The Broadway, Letchworth, Herts was found guilty of cheating the public revenue of £5.5m tax through the scam that earned him and his partner Peter Rumball £2m in commission between 1997 and 2000.

A warrant for arrest is outstanding on Rumball who left the UK for the Philippines in 2001.

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PAA cuts cost of term leads

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Sub-Saharan Africa Near-Term Outlook

By Paul Caruana-Galizia, Neptune Economist

Sub-Saharan Africa’s economic renaissance continues. After growing at an average rate of five per cent over the past decade, the IMF projects an acceleration to 5.5 per cent growth among Sub-Saharan economies in the next two years, as developed economies emerge from the crisis. We expect this growth to be sustainable for three broad reasons.

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