Arrests made in £11.7 million mobile phone European VAT fraud

Five people have been arrested in connection with the European Public Prosecutor’s Office investigation into an £11.7 million VAT fraud involving the trade of second-hand mobile phones. The arrested individuals have been charged with tax fraud. If convicted, they face five to 10 years in prison. Authorities seized assets worth £2  million, including houses, cars,

Mobile industry veteran Bav Majithia joins Zone Global team as non-executive director

Mobile channel veteran and entrepreneur Bav Majithia has joined international recommerce specialists Zone Global as a non-executive director. Majithia is the co-owner and COO  of vehicle customisation and wrapping company Yiannimize and co-founded Genuine Solutions Group in 2005. His new role at Zone Global is part of the company’s global expansion strategy to scale its

US warranty giant Allstate acquires circularity company Kingfisher-mx

US warranty company Allstate Protection Plans has acquired smart device lifecycle company Kingfisher-mx for an undisclosed amount. Allstate Protection Plans, formerly known as SquareTrade, offers extended warranties and protection plans for consumer electronics, appliances, furniture, and more. The company is a subsidiary of Allstate, one of the largest insurance companies in the U.S. Kingfisher was