Fraud probe: Two men arrested in Guernsey

Two men have been arrested in connection with a suspected £21m tax fraud investigation, Guernsey Police has said.

The arrests relate to a probe by the UK's HM Revenue & Customs, Guernsey Border Agency and the Manx and Cheshire Constabularies.

The men, who arrived from the Isle of Man, were arrested on suspicion of money laundering and have been bailed.

The arrests follow raids in the Isle of Man, the UK and Guernsey.

Business records, computers and phones have also been seized in Guernsey following searches of a business address and two private properties, police said.

A Guernsey's Financial Investigations Unit spokesman said: "By their nature, money laundering investigations are often complex and can take considerable time."

Earlier in March, four men and three women were arrested when officers carried out simultaneous searches of 13 premises in Cheshire, London, Manchester, the Isle of Man and Guernsey.

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