Fund Manager Distances Himself From $1.9B Danish Tax Fraud

Law360, London (June 6, 2019, 5:59 PM BST) -- A former employee at Solo Capital Partners Ltd. has distanced himself from the defunct U.K. firm’s alleged involvement at the center of multinational scam to cheat Denmark out of billions of dollars in reimbursed taxes, saying he only had a “limited awareness” that the fund was engaged in so-called dividend arbitrage.

Edo Barac, who worked as Solo Capital, or SCP, and was a consultant to the firm’s founder Sanjay Shah, said he was not involved in any business relating to dividend arbitrage involving Denmark in defense documents filed May 31 in the High Court in London.

“Barac’s role within SCP was...

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