Four charged with carbon trading fraud in Belgium
Four people have been formally charged by the Belgian authorities for money laundering, in an investigation into fraudulent trading in carbon emissions permits, according the Reuters news agency.
The three Britons were arrested at the end of 2009, while the fourth suspect, from the Netherlands, was arrested yesterday (January 10), in connection with the investigation of €3 million worth of transactions.
The Belgian prosecutors would not disclose the names of those arrested.
Value-added-tax (VAT) carousel fraud occurs when goods are imported VAT-free then sold on to domestic buyers at a
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