Dubai court tells trader and wife to repay USD 1bn to Denmark

The Danish tax agency is satisfied with the decision but a spokesman for the trader says his lawyers intend to lodge an appeal.
Sanjay Shah. | Photo: CHRISTOPHER PIKE/AP
Sanjay Shah. | Photo: CHRISTOPHER PIKE/AP
By Jonathan Browning, Frances Schwartzkopff and Donal Griffin / Bloomberg

A Dubai court has ordered Sanjay Shah, his wife, and companies tied to the hedge fund trader to repay Denmark more than 4.6 billion Emirati Dirhams (EUR 1.25bn).

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
  • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading