Overcast

Overcast

max temp: 16°C

min temp: 12°C

ESTD 1874 Search

Sudbury: Fraudster to be sentenced for £9.3million car cons

10:07 17 October 2012

Kankamol Albon

Kankamol Albon

Archant

A FRAUDSTER who funded a lavish lifestyle through scams totaling more than £9million involving high-class cars is due to be sentenced today.

shares

Kankamol Albon, of Smallbridge Hall, Bures, near Sudbury, has admitted seven counts of dishonestly making a gain by false representation by offering to buy Ferraris, Mercedes and Porsches, along with other elite vehicles for clients at discounted rates.

However, the 41-year-old is said to have run a Ponzi-style con where she kept some of the money she was given by one client, before replacing it with funds taken from another customer.

Following a lengthy investigation by Suffolk Constabulary codenamed Bastion, Albon was discovered to have committed offences valued at £7.5m.

However, while Albon was on bail during the police inquiry it was discovered the mother-of-five had also been fiddling the taxman.

HM Customs and Revenue then conducted its own investigation into VAT which had been claimed back on cars, and discovered a further fraud of £1.8m.

A second court case against Albon was pursued in relation to the customs investigation. This has now led to Albon pleading guilty to cheating the Public Revenue.

Albon, who is known by the name Minky, is currently remanded in custody. She is likely to face a lengthy jail term when she is sentenced at Ipswich Crown Court.

Albon ran NA Carriage Company, a dealer in prestige cars based in Bures. Before setting up in Suffolk it had previously been based in Romford.

Albon originally came to Britain 28 years ago after being brought up in Thailand.

At an earlier hearing before Ipswich magistrates - which has not been able to be reported until now - it was said that when Albon’s financial house of cards collapsed she faced losing everything.

Prosecutor Colette Griffiths told the court Albon’s £4m moated home, Smallbridge Hall, had been due to be repossessed in April. However, this was delayed until May as it was discovered a tenant was living in part of the property and had to be given the appropriate period of notice to leave.

The magistrates were told Albon still had a strong connection with people in Malaysia and south-east Asia.

However, while on bail for the car frauds Albon was allowed to travel abroad to act as chaperone for her eldest son, who is a promising young racing driver.

On her credit cards and business documents Albon used the name of Minky, which was also used on travel documents.

Before her lavish lifestyle came to an end Albon had enjoyed the trappings of wealth.

In addition her children had been privately educated when the money rolled in. However they had to be withdrawn from their schools and home-schooled after Albon’s assets in the UK and around the world were frozen.

shares

0 comments

Bradley Wiggins, far left, riding through Woodbridge during the first stage of the 2012 Tour of Britain

Tour of Britain spectators will get to see champion rider Sir Bradley Wiggins racing through Suffolk again when it comes to county this month.

Ipswich Town have brought in 12 new players this summer.

The summer transfer window has now closed, during which Ipswich Town manager Mick McCarthy brought in a total of 12 new signings on permanent or loan deals.

A man has died at The Port of Felixstowe.

Investigators say their inquiries into the death of a contract worker at the Port of Felixstowe could take some time to complete.

Police are investigating

Further instances of vehicle crime were felt in Kesgrave on Sunday night after a car window was smashed, prompting a social media appeal for those with information to come forward.

Art on the Prom at Felixstowe last year

More than 100 artists will be exhibiting this weekend as Felixstowe stages one of its most popular events of the year.

One of the new metal art trees in bury has been damaged. St Andrew's Street South.

A metal sculpture in a central Bury St Edmunds street now resembles a dandelion blowing in the wind following an accident involving a truck.

Police at the scene of the alleged attack.

The jury in the trial of two men accused of being involved in a plot to throw acid over a 22-year-old Suffolk beautician has retired to consider its verdicts.

A large farming trailer carrying potatoes has overturned on the B1102 between Freckenham and Worlington.

The B1102 in Freckenham is blocked after a trailer load of potatoes overturned.

Mr Wilson

Fire crews put out a car fire in Clacton today after passers by rescued a dog from the vehicle.

A boy has been knocked off his bike in a collision in Lowestoft.

Most read

Most commented

Topic pages