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VAT fraud in carbon trading may cost over Eur5bln - Europol

Posted on 15 December 2009

From Irishtimes.com: The European Union has probably lost at least €5 billion to VAT fraud related to carbon trading and there is a risk that the criminals will now shift their attention to Europe’s electricity and gas markets, according to Europol, the EU’s law-enforcement operation.

The news will further embarrass EU governments negotiating in Copenhagen and trying to persuade other countries to sign up to carbon trading as a way of reducing emissions……………………………….Full Article: Source

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