Mass arrest over carbon fraud

HM Revenue and Customs arrested 22 people in raids in the UK linked to fraudulent trade in EU emissions allowances

HM Revenue and Customs arrested 22 people in raids in the UK on 28 April linked to fraudulent trade in EU emissions allowances (EUAs).

The arrests, 13 in England and eight in Scotland, are understood to be linked to a cross-border investigation with Germany into alleged carbon fraud at Deutsche Bank. Details were not released. Another person was arrested under a European warrant.

The raids follow a separate but similar investigation in August 2009 (ENDS Report 415, pp 13-14), when nine were arrested. These were related to alleged carousel fraud, where VAT charged on sales of EUAs is diverted for criminal use. All were released on bail after questioning, but investigations are ongoing, says HMRC.

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