30.09.2014 - Is the EU's carbon market safe from fraud?
Four British men were jailed for their role in a multi-million euro carbon market crime syndicate last week, raising the spectre of security concerns over the future of emissions trading. But could such widespread theft happen again? The National Crime Agency confirmed on Wednesday that Hanif Patel, 53, Ruman Patel, 32, Mohammed Patel, 52, and Ayyub Ibrahim, 60, were jailed for a total of nearly 19 years for their part in a crime ring that stole 500,000 EU carbon allowances from the Czech emissions registry, which at the time were worth €7m (£5m)...............................................Full Article: Source
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