British man arrested in Dubai in case of $ 1.7 billion tax fraud in Denmark

DUBAI, United Arab Emirates (AP) – Dubai police said on Friday they had arrested and planned to extradite a British man wanted …

DUBAI, United Arab Emirates (AP) – Dubai police said on Friday they had arrested and planned to extradite a Briton wanted in Denmark in a $ 1.7 billion tax fraud case.

Dubai police have identified the man as Sanjay Shah and said his arrest came after Denmark signed an agreement in March allowing extradition between the United Arab Emirates and Denmark.

Shah claimed his innocence in an interview with reporters living in Dubai for the past few years, but never appeared in Denmark to answer the allegations.

It was not immediately clear whether the 52-year-old Shah had a local lawyer in the Emirates. The court was not appointed immediately in Dubai, the commercial capital of the Federation of Seven UAE Sheikhs. Prosecutors did not immediately respond to a request for comment on Friday, early weekend in the UAE.

A statement from the Dubai Police Brigade. General Jamal Al Jalaf said the emirate had received an international arrest warrant for the Shah from Denmark. Al Jalaf said the Shah had been accused of fraud, as a result of which foreign companies claimed ownership of shares in Danish companies and demanded refunds of taxes to which they were not entitled.

“The fraud scheme, known as the cum-ex trade, involved filing thousands of applications with the Danish Ministry of Finance on behalf of investors and companies from several countries to get a dividend tax refund,” Al Jalaf said.

A joint statement from the Danish Ministry of Justice and Foreign Affairs praised the Shah’s arrest in Dubai, which they said has been the target of the country’s prosecutor’s office since 2015.

“The Danish Treasury has been deceived for a staggering amount, and of course the suspects in the crime cannot hide in the Middle East and thus avoid responsibility in the Danish courtroom,” said Justice Minister Matthias Tesfae.

“I am now awaiting trial in the United Arab Emirates and crossing my fingers that we may eventually take Sanjay Shah on a plane to Denmark so that he can be prosecuted in that country.”

Shah is one of several suspects in the tax scheme sought by the Danish authorities, described as one of the biggest cases of fraud in the country’s history.


Associated Press writer Jan Olsen of Copenhagen, Denmark, contributed to this report.

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