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22 arrests for energy sector fraud

In Italy and Germany, 41 mn in assets seized

(ANSA) - ROME, NOV 23 - Italian police on Tuesday made 22 arrests in Italy and Germany for energy sector fraud, judicial sources said.
    They also seized 41 million euros in assets.
    The fraud artificially and criminally hiked energy bills in the 2016-2020 period, police said.
    Some 113 people are under investigation in the case.
    The probe started in July 2019.
    The fraud involved 'white certificates' or Energy Efficiency Certificates.
    A white certificate, also referred to as an Energy Savings Certificate (ESC), Energy Efficiency Credit (EEC), or white tag, is an instrument issued by an authorized body guaranteeing that a specified amount of energy savings has been achieved. (ANSA).
   

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