Exclusive: How Luxembourg made the cum-ex scandal possible - Reporter.lu

Reporter.lu

Exclusive: How Luxembourg made the cum-ex scandal possible - Reporter.lu

Cum-Ex mastermind Sanjay Shah faces court for billion-dollar tax fraud. His trustee in Luxembourg was recently convicted of money laundering. But further traces lead to the local financial center. A key point was already clarified on the first day of the trial in mid-March. Whether nearly nine billion Danish crowns (converted to 1.2 billion euros) in tax refunds had flowed to his company was questioned by the prosecutor against the accused Sanja…