A Briton charged with defrauding Danish tax authorities in a sham trading scheme to make double tax reclaims will remain in custody for another four weeks, a Copenhagen court ruled on Wednesday, according to Reuters.
Hedge fund trader Anthony Mark Patterson, 52, was extradited from Britain to Denmark in early July and was then remanded in custody for four weeks.
Patterson was charged with participating in a scheme in which the Danish state lost more than 9 billion Danish crowns ($1.3 billion) and with attempted fraud for around 500 million crowns more.
His charges are related to so-called "cum-ex" trading schemes in which the Danish state says it lost more than 12.7 billion crowns in total.
Patterson denies any wrongdoing, his lawyer said in an email on Wednesday.
The main suspect in the case, Briton Sanjay Shah, 52, remains in Dubai after he was arrested there in June 2022, although authorities there agreed in April to extradite him to Denmark. Shah also denies wrongdoing.
