Ex-RBS Carbon Trader Attacks 'Dishonesty' Ruling

Law360, London (March 22, 2021, 5:33 PM GMT) -- A former carbon credit trader for the Royal Bank of Scotland has attacked findings that he'd lied about a major tax fraud that hit the market more than a decade ago, saying a judge "cherry-picked" the evidence. 

John Wardell QC, counsel for RBS, told the Court of Appeal at a hearing Monday that dishonesty findings made against trader Andrew Gygax were flawed, fundamentally wrong and "should never have been made." 

RBS is appealing findings that the traders turned a blind eye to the activities of CarbonDesk, an energy broker with whom they imported millions of carbon credits in the late 2000s. 

Wardell criticized the judgment Monday, saying the decision...

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