British hedge fund trader Sanjay Shah accused of $1.8bn Danish tax fraud via "cum-ex" dividend scheme.
British hedge fund trader Sanjay Shah and his Solo Capital hedge fund are accused of orchestrating a $1.8 billion Danish tax fraud, according to a lawyer for the Copenhagen tax authority. The alleged fraud involves a "cum-ex" dividend trading scheme that exploited loopholes on dividend payout laws across Europe. Shah faces criminal charges in Denmark and is also involved in a London civil trial.
April 15, 2024
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