Prosecutors seek record sentence for Shah

Prosecutors in Denmark are calling for a maximum 12-year prison sentence for British financier Sanjay Shah for his involvement in a major tax fraud scandal. During the 22nd court session in Glostrup, the prosecution reviewed the law and evidence before reaching this conclusion. Shah is accused of defrauding the Danish treasury of over nine billion Danish kroner and attempting to secure an additional half billion kroner through falsely claimed dividend tax refunds on shares he never owned. Shah, extradited from Dubai last year, denies the charges, claiming to have merely exploited a loophole in the law. The prosecution also seeks an entrepreneurial ban, deportation, and confiscation of 7.2 billion kroner in profit for Shah. If convicted, Shah’s sentence would set a record for economic crime in Denmark, surpassing the nine-year sentence given to a Danish-Russian woman involved in laundering 26 billion kroner.