Search Results - Shah, Sanjay

Sanjay Shah

use both this parameter and |birth_date to display the person's date of birth, date of death, and age at death) --> | death_place = | death_cause = | body_discovered = | resting_place = | resting_place_coordinates = | burial_place = | burial_coordinates = | monuments = | nationality = | other_names = | siglum = | citizenship = British | education = | alma_mater = | occupation = Trader | years_active = | era = | employer = | organization = | agent = | known_for = | notable_works = | style = | net_worth = | height = | television = | title = | term = | predecessor = | successor = | party = | movement = | opponents = | boards = | criminal_charges = | criminal_penalty = | criminal_status = }} Sanjay Shah (born 11 September 1970) is a Dubai-based British trader currently being accused of tax fraud. He founded Solo Capital, a hedge fund firm in Britain which closed in 2016, and the NGO Autism Rocks, which closed in 2020.

Shah was ordered to pay back sums of money in May 2023 by the Dubai courts but has appealed since waiting for his UK trial to finish in a case regarding the Danish Government being allegedly defrauded of 12.7 billion DKK (1.65 billion euros) between 2012 and 2015. This was part of the CumEx-Files involving multiple European nations and involves a number of the world's largest banks such as Barclays, Merrill Lynch, JP Morgan, Morgan Stanley, BNP Paribas, Banco Santander, Macquarie Bank and Deutsche Bank.

Shah has admitted his company enabled clients to claim around DKK 8 billion from the Ministry of Taxation. He claimed that he was only using legal tax loopholes, where dividend income is taxed differently in various jurisdictions. Shah was extradited to Denmark in December 2023. In December 2024, Shah was sentenced for 12 years in jail for tax fraud. Provided by Wikipedia