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Green Fraudsters: Carbon Trading Hits Europe’s Gangland

At least four recent gangland killings are connected to a multibillion euro carbon trading fraud that has cost taxpayers about 5 billion in VAT.

It was a classic French gangland operation. The killers drew up alongside their victim on a scooter as he walked through an affluent district in west Paris, shot him dead with a 7.65 pistol and then disappeared into the traffic.

Police originally assumed that the murder in September of Samy Souied, a French underworld boss, was linked to drugs, gambling or prostitution.

Now, officers believe it was the result of a very different racket – one involving the fight against global warming.

Detectives in the French capital are convinced that at least four recent unresolved killings are connected to a multibillion euro fraud that targeted the Europe Union’s carbon dioxide trading scheme.

The disclosure comes amid a flurry of court cases across Europe involving gangs who exploited Brussels’ environmental policy to make lucrative gains.

Europol, the European Police Office, estimates that they cost taxpayers about €5 billion in VAT.

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