Danish police have seized a £14.7m mansion near Hyde Park, central London, owned by British multi-millionaire businessman Sanjay Shah. He is accused of defrauding Danish taxpayers out of £1.5bn. Denmark's serious economic and international crime police department said it had seized the property owned by a suspect “believed to have scammed over 12 bn Danish kroner.” Shah's name, however, wasn't identified.
A report has confirmed that the seized property belongs to the 50 year old currently living in Dubai's Palm Jumeirah. It also stated that Shah's spokesman confirmed his London mansion had been seized. Jack Irvine, the spokesman said Shah denies any wrongdoing. Denmark Tax Authority, Skat, in a court filing in 2018, had described Shah as “the primary individual said to be responsible for the fraudulent scheme.”
He is accused of making bogus claims via his hedge fund Solo Capital, which defrauded the Danish tax office out of £1.5bn between 2012 and 2015. The UK's National Crime Agency (NCA) raided the offices of Solo Capital in 2016.
