Sanjay Shah, British Trader, Extradited to Denmark for Massive Tax Fraud

Sanjay Shah, a British hedge fund trader, has been extradited from the United Arab Emirates to Denmark to face charges of defrauding Danish taxpayers of $1.3 billion. Danish authorities allege that Shah and his colleagues at Solo Capital in London orchestrated a scheme to siphon money from the country's tax refunds on stock dividends. The method, known as cum-ex trades, has been used by other traders to drain fortunes from various European countries. Shah, who has maintained his innocence, is expected to appear in court for a bail hearing. The case is part of an ongoing reckoning of arrests and trials related to cum-ex trades across Europe.