British hedge fund manager Sanjay Shah given 12-year jail term in Denmark over £1bn tax fraud
A British hedge funder trader has been sentenced to 12 years in prison in Denmark over a £1bn tax fraud. Sanjay Shah, 54, was behind a trading scheme known as "cum-ex" that was found to have fraudulently secured 9bn Danish Krone (£1bn) in dividend tax refunds from the Danish treasury between 2012 and 2015.