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Hedge Fund Trader Shah Struck Cum-Ex Trades With DekaBank

June 23, 2022, 8:30 AM

Hedge-fund trader Sanjay Shah, currently held in Dubai awaiting his extradition to Denmark over a $2 billion Cum-Ex case, apparently struck similar tax deals with Germany’s DekaBank.

Shah and the former head of DekaBank’s equity finance desk are said to have collaborated on a variation of the controversial tax deal in which the transaction settlements were purposely delayed, a cooperating witness said in a 2018 interview with German prosecutors seen by Bloomberg.

Sanjay Shah in Dubai, in 2020.
Photographer: Christopher Pike/Bloomberg

Shah, the founder of hedge-fund Solo Capital Partners LLP, is one of the key suspects in Europe’s sprawling Cum-Ex investigations. He has been charged in ...