bbc.com

British Trader Sanjay Shah Sentenced to 12 Years for £1 Billion Tax Fraud in Denmark

Sanjay Shah, a British hedge fund trader, has been sentenced to 12 years in prison in Denmark for orchestrating a £1 billion tax fraud against the Danish government. This marks the heaviest penalty ever imposed in a fraud case in Denmark. Shah was also banned from entering the country permanently and is set to have his assets seized. His lawyer expressed hope for a more lenient outcome upon appeal. Shah had been accused of masterminding a complex scheme to fraudulently reclaim dividend tax refunds from 2012 to 2015, despite denying any wrongdoing.

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