**Click here for an update on this story** German authorities this week reissued a public call for help in tracking down three men suspected of being involved in a €136 million tax evasion and money laundering scheme linked to the EU ETS. Pakistani nationals Ashraf Muhammad and Mobeen Iqbal, along with British man Mohsin Usmangani Salya, are wanted by the German Federal Criminal Police Office (BKA) on suspicions that they “fraudulently” dealt EU carbon allowances between 2009 and 2010. “Their whereabouts are believed to be outside of Germany (Dubai/UAE or Pakistan),” the BKA said in a notice. International arrest warrants were first issued by the authorities for the three men in 2014. The men are suspected of having evaded up to €136 million in tax while operating firms in the UAE and Germany. Authorities may link them to two British men recently charged by the Frankfurt prosecutors’ office over their role in a gang involved in committing so-called carousel fraud in the EU ETS through companies in the UAE and Germany. German prosecutors last year charged eight former and current Deutsche Bank employees over their suspected involvement in helping the bank’s clients evade taxes between Sep. 2009 and Feb. 2010. Since 2011, at least 10 individuals have been sentenced by German courts to jail terms of between two and eight years for their part in the fraud, which European authorities estimate to have cost governments more than €5 billion in lost revenues. By Mike Szabo – mike@carbon-pulse.com **Click here for an update on this story**
Frankfurt ’s German Federal Criminal Police Unit ( BKA ) this week made a public request for help tracing three men suspected of involvement in a € 136 m 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 m in tax fraud whilst operating a UAE bank and several bogus German firms . The British man , Mohsin bin 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 € ##500 in lost revenues .