Scots VAT fraudster’s confiscated luxury home sold by Crown for £700,000

Voudouri, 47, fled the luxury house in Bridge of Allan, Stirlingshire, in 2012 in his attempt to evade the law after being convicted of running a £10.3 million VAT scam.

He was arrested in Cyprus last year after being caught with a fake passport and jailed for more than 11 years.

Voudouri had fought a nine-year battle to hang on to the property but conceded defeat last month and the house was put on the market by estate agents Bidwells.

Having stirred up some considerable interest from buyers, the C-listed Victorian villa, which boasts four bedrooms, a study, a large dining room and a wooden summerhouse, has now been sold for around £700,000 to a party whose name has remained undisclosed.

The house seizure relates to a confiscation order for £1, 292, 942 served on Voudouri in 2006 under the Proceeds of Crime Act following his conviction for a previous VAT scam.

In 2012 he admitted claiming VAT on bogus transactions in what judges described as a “complex money laundering operation,” moving money into foreign bank accounts.

In June last year he was sentenced to 10 years for money laundering, and a further 18 months for failing to appear for sentencing.

A Crown Office spokesman said: “The Court of Session granted the Crown’s motion to appoint an administrator to realise Mr Voudouri’s assets.”