Hedge Fund Founder Fears He Can’t Pay Legal Bills in Cum-Ex Case

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 $2 billion case after he had his $20 million London home frozen.

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.

Denmark is also pursuing cases in the U.S. and Dubai as it ...