The leaked database shows that Sanjay Shah, the 47-year-old brains behind the Solo Capital hedge fund, owned six Dubai properties worth US$ 56 million in the luxury Crown Fronds development in Palm Jumeirah. The data leaked to the Organized Crime and Corruption Project (OCCRP) and seen by Finance Uncovered show his Dubai property ownership details as of 2014. In particular, Shah is under investigation by a Danish state prosecutor in relation to a fraud that is believed to have cost the Danish state 12.4 billion krone (about $1.8 billion) between 2012 and 2015. The scheme Shah is suspected of carrying out is a complex one. So it’s no surprise that, in addition to Denmark, the investigations into Shah stretch across multiple European jurisdictions. The London offices of Solo Capital were raided in 2016 by the UK’s National Crime Agency. The company closed shortly thereafter. German investigators are also investigating Shah on alleged tax evasion and appear to be cooperating with Danish authorities.
— source occrp.org