Shah’s associate admits to billion tax fraud
British national Anthony Mark Patterson confessed to participating in a fraud scheme involving 8.4 billion kroner from the Danish treasury through illegitimate refunds of dividend tax. During a court session in Glostrup on Thursday, Patterson admitted to his involvement and also to attempting further fraud for over half a billion kroner. Previously denying the accusations, the 52-year-old, who worked closely with Sanjay Shah, acknowledged earning 100 million kroner from the scheme. The fraudulent applications for tax refunds involved falsified documents suggesting entitlement to refunds for non-existent shareholdings. The dividend tax scam, which surfaced in 2015, resulted in a loss of approximately 12.7 billion kroner for Denmark. Another Brit, Guenther Klar, was sentenced to six years for a related fraud of 320 million kroner and has appealed the sentence. Patterson’s case continues with uncertainty about the sentencing date.