Old Harrovian crook Sheel Khemka sentenced to five years in jail and barred from being a company director for seven years
Paris Hilton allegedly – if the words of a now convicted fraudster are to be believed – wore Lofli jeans when she was jailed in 2007. Sheel Khemka, the company’s founder and the owner of the appropriately nicknamed ‘W**kers Tower’ instead opted for a Savile row suit but in spite of his expensive garb, on Wednesday he was exposed for what he truly is: A fraudster and a thoroughly rotten man.
Harrow and Oxford educated Khemka, 42, was sentenced to five years in jail at Croydon Crown Court after being found guilty in a unanimous verdict of conducting a complex VAT fraud. Khemka – who will be best remembered for telling people: “I’m brighter than everybody else” – put in twelve false VAT repayment claims between May and October 2009, and received almost £498,000 in refunds. A further eleven claims totalling more than £500,000, submitted during 2009, were not paid out by HMRC.
During the fraud, Khemka – who is registered as having had a total of 69 company directorships – used falsified invoices and sales orders as part of his bid to con HMRC. He used five fake names and was charged with cheating the public revenue after being arrested in November 2011.
Of the conviction, Alan Tully, Assistant Director Fraud Investigation Service at HMRC told The Gloucester Citizen:
“Khemka set up this fraud through greed, to fund a lavish lifestyle at the taxpayers’ expense. Using the proceeds of his crime he bought a luxury home in Gloucestershire and a top-of-the-range Mercedes car. If he had not been stopped by HMRC officers he would have stolen millions of pounds of VAT”.
“This was a sophisticated fraud that involved detailed planning and forgery, all for the benefit of one criminal”.
His Honour Judge Nicholas John Ainley added:
“The scheme was dishonest from the start. I have severe doubts if jeans existed at all and you set up companies using the hijacked identities of friends. This was a sophisticated and well-planned fraud from which you used a lot of money on yourself – £200,000 to buy a house”.
Dame Asha Khemka OBE, DBE, the fraudster’s especially smug mother and the CEO of West Nottinghamshire College, failed to respond to requests for comments Thursday.
Update Wednesday 18th May 2016: We removed a photograph of Sheel Khemka with a former girlfriend and one-time director of Lofli on 17th May. On the receipt of legal advice, we have now reinstated this picture with an image of the woman concerned and another associate of the jailbird with bags over their heads. There is no reason we should not name her or the other party but out of courtesy we have chosen to protect their identities.
Subscribe to our free once daily email newsletter here:[wysija_form id=”1″]