Credit fraud

Liquidators deny £20m carbon credit fraud case is out of date

By Christopher Crosby (7 March 2022, 17:05 GMT) – Liquidators suing a British financial broker for £20 million ($26 million) for tax evasion told a judge on Monday they would have to wait years before to prosecute because there was not enough evidence when the scandal broke.

Christopher Parker QC, solicitor for Kevin Hellard of Grant Thornton, told a judge at the start of a High Court trial that it would have been irresponsible and premature to sue Tradition Financial Services in 2009 after the rise was announced massive carbon credits exchange was fraudulent.

Grant Thornton acts as liquidator of commercial companies whose owners…

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