UK faces €2bn fine over Chinese imports scam, say EU investigators

The British government faces a €2bn (£1.7bn) fine for negligence that allowed criminal gangs to flood European black markets with illegal Chinese goods, EU anti-fraud investigators have said. The European anti-fraud office (known as Olaf from its French name, Office de Lutte Anti-Fraude) has recommended the UK pay €1.98bn into the EU budget to compensate for lost customs duties, as a result of a failure by British customs officials to crack down on criminal gangs using fake invoices and making false claims about the value of clothes and shoes imported from China.
Read more: https://www.theguardian.com/world/2017/mar/08/uk-faces-2bn-fine-over-chinese-imports-scam-say-eu-anti-fraud-investigators?source=Snapzu