Danish Court Rules in Favor of Pre-Trial Detention for Hedge-Fund Trader Sanjay Shah
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A Danish court has ruled that hedge-fund trader Sanjay Shah and an associate should be detained before their trial begins, after the two were charged with tax fraud as part of a wider Cum-Ex investigation.
The decision, which was widely expected and announced by multiple local media outlets on Wednesday, paves the way for Denmark to seek formal extradition of Shah, who lives in Dubai, and his alleged accomplice, Anthony Mark Patterson, whose address is in the U.K. Both were charged earlier this year for their roles in claiming what police say were illegal refunds on dividend taxes.