EU Probes €30M Solar Module Duty Evasion by Nuremberg Company
The European Union has been investigating a major solar module duty evasion case involving a company from Nuremberg. The company, along with seven suspects aged 41 to 56, is accused of evading over €30 million in anti-dumping and countervailing duties since 2013.
The alleged fraud involved two main methods: transshipping solar modules through a third country and manipulating the minimum import price regulation. The company is suspected of importing solar modules from China under false pretenses or by circumventing regulations. Over 150 import transactions between November 2013 and November 2016 are under investigation.
To conceal their activities, the suspects used an intricate network of shell and letterbox companies based in Luxembourg and Hong Kong. These companies supplied the solar modules to energy and solar parks throughout Germany and other European countries.
The European Anti-Fraud Office (OLAF) is also conducting investigations related to this solar module duty evasion case. Specific companies linked to the network of shell and mailbox companies involved in the alleged fraud have not been publicly disclosed. The accused company and suspects face potential penalties and legal consequences if found guilty.
Read also:
- chaos unveiled on Clowning Street: week 63's antics from 'Two-Tier Keir' and his chaotic Labour Circus
- Racing ahead in Renewable Energy Dominance: Changzhou, Jiangsu Pushes for Worldwide Renewable Energy Ascendancy
- Colorado's Proposition 112: A 2,500-Foot Fracking Buffer on the Ballot
- Renault Group to Discuss Decarbonization and Circular Economy Strategies at ChangeNow 2023 Event
