Warrant issued for Scottish money launderer on the run – 30 November 2012

11 Dec 2012

A warrant has been issued for the arrest of convicted money launderer Michael Voudouri after he failed to appear at the High Court in Glasgow for sentencing.

He pleaded guilty in October 2012 to claiming back VAT on bogus transactions through Glasgow-based Q-Tech Distribution Limited, and laundering more than £10 million in illegal proceeds through bank accounts in Cyprus, Greece and Switzerland.

He also admitted a separate charge of hiding £1.2 million of criminal cash while he was serving a sentence in HMP Glenochil. Voudouri’s lawyer said: “I have tried to contact him without success and he has not contacted me. I have telephoned the family home and was told that he had gone to England to contact his English solicitors [but] the English solicitors said they have not heard from him. The last time I heard from him he was extremely depressed and in a low mood.”