Sanjay Shah Stands Trial in Denmark for Alleged $1.8 Billion Tax Fraud

The British hedge fund trader faces up to 12 years in prison if convicted in the high-profile case.

Sanjay Shah, accused of orchestrating a massive tax fraud scheme in Denmark, pleads not guilty as his trial begins.
Prosecutors aim to recover $1.8 billion allegedly defrauded from the Danish treasury through complex 'cum-ex' trading schemes.
The case, involving over 300,000 legal documents, highlights the intricate nature of the alleged fraud.
Shah's defense raises concerns over a fair trial, citing prejudicial comments by Danish officials.
The trial is part of a broader crackdown on 'cum-ex' schemes, with implications for financial regulation and tax law enforcement in Europe.