Solo Capital founder appeals 12-year Danish prison sentence over tax fraud
Wednesday, November 11, 2026 · first reported by Hedgeweek
Sanjay Shah, founder of the former hedge fund Solo Capital, has appealed his 12-year prison sentence in Denmark. The 56-year-old British trader went before Copenhagen's High Court on Tuesday to challenge his 2024 conviction for serious fraud, according to Hedgeweek, citing Bloomberg. The case concerns a dividend tax refund scheme that cost the Danish treasury more than DKK9bn ($1.35bn).
Shah denies wrongdoing and says he used legal loopholes. His defence is expected to rely on a 2025 London civil ruling in which Denmark's tax authority failed to prove deceit. The appeal involves 23 hearings, with a verdict expected in spring 2027.
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