Three held in £365,000 fraud probe
Three men have been arrested on suspicion of a tax repayment fraud estimated to exceed £365,000.
HM Revenue and Customs (HMRC) criminal investigators arrested two men in Co Down and another in Co Armagh on Thursday.
Three properties were searched and investigations are continuing.
A 54-year-old man was arrested in Keady, Co Armagh. In Newry, Co Down, two men aged 49 and 20 were detained.
The men have been bailed to various dates in September pending further inquiries.
John Whiting, HMRC's assistant director of criminal investigation, said: "We take tax fraud extremely seriously and will not hesitate to investigate those suspected of stealing public funds at the expense of the taxpayer."