Car manufacturers sentenced to a fine of 461 million pounds sterling for collusion | Money news Aitrend

Car manufacturers sentenced to a fine of 461 million pounds sterling for collusion | Money news

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The main car manufacturers and two commercial organizations must pay a total of 461 million pounds sterling for “collusion to restrict competition” on vehicle recycling, European and European regulators announced. The British Competition and Markets Authority (CMA) said they had illegally agreed not to compete against each other when they announce the percentage of their … 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

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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