ANGLO-GERMAN RAIDS TARGET EMISSIONS TRADING CAROUSEL SCAM
May 1st, 2010
BY KEITH NUTHALL
BRITISH and German customs and police officers have arrested 47 suspects in an alleged carousel fraud network exploiting the European Union's (EU) emissions trading regime. UK authorities arrested 22; there were 25 arrests in Germany. Police in Austria, Belgium, Cyprus, the Czech Republic, Denmark, Finland, the Netherlands and Portugal, plus non-EU Norway have assisted inquiries. These were coordinated by Britain's HM Revenue & Customs agency and Frankfurt's public prosecutor office. The scam involved fraudsters opening accounts with their ...
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