Hedge fund founder fears he can’t pay legal bills in tax case with Denmark

A hedge-fund founder at the center of a Danish cum-ex probe says he’s worried that he won’t be able to pay his lawyers in the USD 2 billion case after he had his USD 20 million London home frozen.
Photo: Thomas Borberg
Photo: Thomas Borberg
By Ellen Milligan / BLOOMBERG

Lawyers for Sanjay Shah told a London court Friday that the commercial issues underlying a lawsuit being brought against him by Danish authorities “impact significantly” on his ability to “maintain legal representation.” Shah is accused by the Danes of being the “mastermind” of a tax scheme that spiraled into alleged fraud.

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