Today’s news / Co-defendant’s confession unlikely to affect Shah case

Co-defendant’s confession unlikely to affect Shah case

Anthony Mark Patterson’s expected guilty plea in a massive dividend tax fraud case isn’t likely to have a direct impact on the verdict for Sanjay Shah, as assessed by Søren Friis Hansen, a corporate law professor at CBS. Even though the confession could carry weight as evidence if it implicates Shah, both individuals must be proven guilty of the crime. Patterson has been charged with aiding in a fraud involving 8.9 billion kroner. Shah’s trial is set to proceed without Patterson. The case follows the discovery that the Danish treasury was defrauded of approximately 12.7 billion kroner in a dividend tax scam. Recently, Guenther Klar was sentenced to six years in prison for defrauding Denmark of 320 million kroner, a case with elements similar to Patterson’s, suggesting a possible influence on his decision to confess.