Hedge-Fund Founder Shah Fights 12-Year Danish Jail Sentence Over Cum-Ex Tax Scam

Sanjay Shah, a British hedge-fund founder, returned to court in Denmark to challenge a 12-year prison sentence related to a tax scheme involving approximately one billion dollars. Shah was convicted of organizing the scheme, which involved manipulating dividend tax credits. The case centers on allegations that Shah coordinated trades designed to exploit tax loopholes in multiple countries.

• Bloomberg — Hedge-Fund Founder Shah Fights 12-Year Danish Jail Sentence Over Cum-Ex Tax Scam

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