British financier ordered to pay Danish taxman £1.36bn over fraud

Sanjay Shah has been ordered to pay £1.36 billion to Denmark’s tax authority (AP Photo/Christopher Pike, File)

The United Arab Emirates’ highest court on Tuesday ordered a British hedge fund trader convicted of orchestrating a 1.7 billion US dollars (£1.36 billion) tax fraud to pay that amount to Denmark’s tax authority.

Financier Sanjay Shah was convicted in a lower court of masterminding a scheme that ran from 2012 to 2015.