FILE PHOTO: Sanjay Shah arrives at Kastrup Airport, Denmark December 6, 2023. Sanjay Shah is accused in a major case of dividend tax fraud. In April, the Supreme Court in Dubai decided that Sanjay Shah could be extradited to Denmark. Ritzau Scanpix/Mads Claus Rasmussen via REUTERS/File Photo
GLOSTRUP, Denmark (Reuters) - A Danish prosecutor on Friday asked a court to find British hedge fund trader Sanjay Shah guilty of defrauding Denmark of over 9 billion Danish crowns ($1.35 billion) and to sentence him to a maximum of 12 years in prison.
Shah, 54, stands accused of being the mastermind behind fraudulently securing dividend tax refunds from the Danish treasury via trading schemes, known as "cum-ex", between 2012 and 2015.
