Denmark Charges Two Britons Over $1.6 Billion Cum-Ex Fraud - BNN Bloomberg

in hive-116221 •  4 years ago 

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Denmark has charged two British citizens for their role in a 9.6 billion-krone ($1.6 billion) dividend tax fraud, as police take a major step toward wrapping up a years-long investigation.

The two are believed to have "committed cynical and meticulously planned fraud," Danish police said in a statement on Thursday. Neither suspect was named, but police said one resides in Dubai, which is the home of former trader and hedge-fund manager Sanjay Shah, the subject of a U.K. investigation into Cum-Ex trades.


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