A 32-year-old businessman has admitted defrauding HM Revenue and Customs to the tune of £599,407.

Gurjeet Panesar, of Brackley motorbike firm UK Custom Choppers, admitted 17 counts of fraud at Oxford Crown Court on Monday.

The married father-of-two, from Heron Drive, Brackley, was warned by Judge Anthony King to expect a “significant custodial sentence” and was bailed to be sentenced at a later date.