"Europol Expects More Arrests In Carbon Fraud Probe"

"LONDON -- European police agency Europol expects further arrests in connection with suspected carbon credit tax fraud after Britain's tax office said two more people were arrested in London late on Wednesday, bringing the total to nine.

Officers from HM Revenues and Customs (HMRC), working with Europol, have now arrested seven men and two women following a suspected 38 million pounds ($62.8 million) value-added tax (VAT) scam related to carbon credit trading."

Nina Chestney and Michael Szabo report for Reuters August 21, 2009.

See Also:

"An Air of Deceit" (Pasadena Weekly)

"CFTC Seeks To Boost Oversight of Carbon Trading" (Reuters)

"Chicago Carbon Contract May Be Subject to CFTC Rules" (Bloomberg)

"UK Says Responds To French Carbon Trade Tax Fraud" (Reuters)

"Climate Change Campaign Creates Carbon Crimes" (AP)


Source: Reuters, 08/25/2009