GREEN
09/21/2009 05:12 am ET Updated May 25, 2011

Carbon Traders Arrested For Tax Fraud

British officials said the people arrested could be part of an organized group that operated a network of companies trading large volumes of the permits. The officials did not name those arrested. The agency said the fraud was carried out by companies in the network that bought the carbon permits outside of Britain without paying Value Added Tax, a levy known as V.A.T.

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