$32.5 billion settlement with tobacco giants approved by creditors, lawyer says Aitrend

.5 billion settlement with tobacco giants approved by creditors, lawyer says

 Aitrend

A proposed agreement that would see three tobacco The giants’ payout of billions to provinces and territories, as well as smokers across Canada, has been approved by the companies’ creditors, a lawyer representing some of the creditors said Thursday, calling it an important step in a long-running legal saga . The proposed $32.5 billion global … Read more

British hedge fund manager Sanjay Shah sentenced to 12 years in prison in Denmark for £1 billion tax fraud | UK News Aitrend

British hedge fund manager Sanjay Shah sentenced to 12 years in prison in Denmark for £1 billion tax fraud | UK News

 Aitrend

A British hedge fund trader has been sentenced to 12 years in prison in Denmark for a billion-pound tax fraud. Sanjay Shah54, was behind a business scheme known as ‘cum-ex’ which fraudulently obtained 9 billion Danish kroner (£1 billion) in dividend tax refunds from the Danish Treasury between 2012 and 2015. Shah, who appeared in … Read more

Dismantling of the $13 billion Adevinta project launched with Blacksheep’s Daft coup | Money News Aitrend

Dismantling of the  billion Adevinta project launched with Blacksheep’s Daft coup | Money News

 Aitrend

The breakup of one of Europe’s largest classifieds groups will be kicked off this week with the more than €500m (£414m) sale of Distilled, a major player in the Irish online advertising market . Sky News has learned that Adevinta, which was previously listed in Oslo and taken private by private equity firms Blackstone and … Read more