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

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).

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

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Investment association chair fears proposed VAT law could harm asset management sector

Interest rate increases wipe EUR 25.5bn off ATP's managed assets

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Front page now

Bonde was losing support at Alecta prior to departure, Swedish daily reports

Castellum's Danish country manager to join Norwegian pension investor

Impact pioneer eyes investor appetite for a food revolution

Two Danish pension funds first in the world to receive approval from climate initiative

Alecta’s chair resigns from board of the troubled Swedish pension giant

Storebrand maintains its first municipal pension deal

BankInvest's two alternative funds in negative territory

Finnish pension fund CEOs propose higher risk to overcome demographics

S-Bank's head of WM moves to bigger role and asset volumes at OP

Mandatum set to debut in Helsinki in biggest listing since 2005

Polaris welcomed into new territory: "There is a huge need for capital"

AP2 teams up with think tank to identify deforestation exposure in global portfolios

Further reading

Impact pioneer eyes investor appetite for a food revolution

Two Danish pension funds first in the world to receive approval from climate initiative

Alecta’s chair resigns from board of the troubled Swedish pension giant

BlackRock: High number of US investors plan to increase allocation to green transition

Startup investor with Nordic roots expands into Finland, kicks off new fund

Asset management giant in the wake of the crisis: Foreign investors are looking to the Nordics again

Jobs