Nine arrests made in connection with alleged VAT fraud through carbon emission trading
The taxman has instigated the first set of UK arrests for alleged carbon tax evaders. Nine people including seven men and two women were arrested in the Gravesend and Greater London areas for over £38m worth of fraudulent VAT reimbursements on carbon trading.
Just fewer than 30 properties, both residential and business, were raided. A HMRC spokesman confirmed that all nine suspects have been bailed with no charges as yet having been made in connection with the fraud.
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It is believed that the suspects were part of an organised crime group operating a network of companies trading in large quantities of carbon credits.
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