Frankfurt’s German Federal Criminal Police Office (BKA) this week made a public request for help tracing three men suspected of involvement in a €€136 millionm tax evasion and money laundering plot, connected to the European Union Emissions Trading Scheme (EU ETS). International arrest warrants were issued in 2014 for the two Pakistani men, Ashraf Muhammad and Mobeen Iqbal, after they allegedly evaded €€136 millionm in tax payments whilst operating a UAE company and several bogus German firms. The British man, Mohsin Usmangani Salya, is wanted alongside the others on suspicion of fraudulent dealings of EU carbon allowances during 2009-10. Since 2011, over 10 people have been sentenced to 2-8 years’ imprisonment for their parts in the 2009 Deutsche Bank tax evasion, which is estimated to have cost governments €5bn in lost revenues.
Frankfurt’s German Federal Criminal Police Office (BKA) this week made a public request for help tracing three men suspected of involvement in a €136m tax evasion and money laundering plot, connected to the European Union Emissions Trading Scheme (EU ETS). International arrest warrants were issued in 2014 for the two Pakistani men, Ashraf Muhammad and Mobeen Iqbal, after they allegedly evaded €136m in tax payments whilst operating a UAE company and several bogus German firms. The British man, Mohsin Usmangani Salya, is wanted alongside the others on suspicion of fraudulent dealings of EU carbon allowances during 2009-10. Since 2011, over 10 people have been sentenced to 2-8 years’ imprisonment for their parts in the 2009 Deutsche Bank tax evasion, which is estimated to have cost governments €5bn in lost revenues.