A man from Walsall has been arrested on suspicion of stealing nearly £27,000 in an suspected income tax repayment fraud.
The 27-year-old was questioned under caution by HM Revenue & Customs. He has now been bailed until May.
The fraud is believed to centre on false employment and earnings submitted to HMRC in order to claim a tax rebate. Two houses in Walsall were searched and computers and business records seized.
He was arrested on alleged offences of Cheating the Public Revenue contrary to Common Law on Wednesday.