London High Court Dismisses Danish Tax Authority's GBP 1.4 Billion Cum-Ex Fraud Claims Against Sanjay Shah and Others

On 2 October 2025, Justice Andrew Baker of the London High Court of Justice Commercial Court issued a judgment dismissing claims brought by the Danish Customs and Tax Administration (Skatteforvaltningen - SKAT) against Sanjay Shah and over 50 other defendants in one of the largest tax fraud litigations ever tried in the UK. The case centered on 4,170 dividend tax refund claims submitted to SKA…
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