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Carbon trading fraud in Belgium – “up to 90% of the whole market volume was caused by fraudulent activities”
Belgian prosecutors highlighted the massive losses faced by EU governments from VAT fraud today after they charged three Britons and a Dutchman with money-laundering following an investigation into a multimillion-pound scam involving carbon emissions permits....

...It estimates that in some countries, up to 90% of the whole market volume was caused by fraudulent activities.”...