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Energy Tax Fraud Poses Risk to German Utilities, BDEW Says

German utilities can’t rule out becoming embroiled in tax fraud in the power and natural gas industries similar to the scams that hit the region’s emission market four years ago, the head of lobby group BDEW said.

The nation’s more than 1,800 power and gas companies won’t be able to eliminate the risk of becoming victims of fraudsters if a trading partner is acting with criminal intent, Hildegard Mueller, head of the managing board of the Berlin-based utility group, said in an interview. Tax regulators in states from Hamburg in the north to Baden-Wuerttemberg in the south have in the past two months said they’ve discovered indications of value-added-tax scams in energy trading.