Beautiful Virgin Islands

Monday, Feb 06, 2023

British man arrested in Dubai over £1.3bn tax fraud case and faces extradition to Denmark

British man arrested in Dubai over £1.3bn tax fraud case and faces extradition to Denmark

Sanjay Shah is accused of a fraud that allegedly saw foreign businesses pretend to own shares in Danish companies and claim tax refunds for which they were not eligible.
A British man wanted in Denmark over a £1.3bn tax case has been arrested in Dubai and now faces extradition.

The arrest of hedge fund trader Sanjay Shah, in one of Denmark's largest-ever fraud cases, comes after the country signed an agreement in March allowing for extradition there from the United Arab Emirates.

The 52-year-old has maintained his innocence in interviews with journalists while living in Dubai over recent years on the city-state's manmade Palm Jumeirah archipelago, but never appeared in Denmark to face the claims.

"We will push for an extradition as soon as possible," Danish foreign minister Jeppe Kofod said in a tweet.

It was not immediately clear if Shah had a local lawyer in the UAE.

No court date appears to have been set so far in Dubai, the commercial capital of the seven-sheikhdom federation of the UAE, and prosecutors did not immediately respond to a request for comment.

It comes after Denmark's tax authority won an appeal in UK courts, following a judge's earlier decision to refuse a bid to hear the case in Britain on the grounds it was not the proper place to bring a foreign tax claim.

A spokesman once associated with Shah, who ran the firm Solo Capital Partners, did not immediately respond to a request for comment on the latest development.

Shah had run a centre for autistic children in Dubai that shut down in 2020 amid the attempts by Denmark to extradite him.

He also ran the British-based charity Autism Rocks, which raises money through arranging shows by major performers.

Dubai police Brigadier General Jamal Al Jallaf said the emirate received an international arrest warrant from Denmark for Shah.

Brig Gen Al Jallaf said in a statement that Shah was accused of a fraud that allegedly saw foreign businesses pretend to own shares in Danish companies and claim tax refunds for which they were not eligible.

"The fraud scheme, known as 'cum-ex' trading, involved submitting thousands of applications to the Danish Treasury on behalf of investors and companies from several countries around the world in order to receive dividend tax refunds," Brig Gen Al Jallaf said.

Danish authorities say the scheme ran for some three years from 2012.

Denmark's justice and foreign ministries praised Dubai's arrest of Shah, whom they described in a joint statement as a target of the country's prosecutors since 2015.

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

Related Articles

Beautiful Virgin Islands
Powerful Earthquake Strikes Turkey and Syria, Killing More Than 1,300 People.
I have a dream, MLK inspiring speech
Turkish photographer Ugur Gallenkus portrays two different worlds within a single image. Brilliant work
Aretha Franklin, Marvis Staples - Oh Happy Day
Tennessee Bill Would Imprison People for 3 Years If They 'Lie' About Rape to Get an Abortion.
BVI Freedom Song
Charlie Munger, calls for a ban on cryptocurrencies in the US, following China's lead
Billy Preston - You Can't Beat God Giving (Live)
EU found a way to use frozen Russian funds
First generation unopened iPhone set to fetch more than $50,000 at auction.
Oh Happy Day Edwin Hawkins - Anthony Brown w FBCG Combined Choir
WARNING GRAPHIC CONTENT - US Memphis Police murdering innocent Tyre Nichols
'Stand by Me' performed by Karen Gibson and The Kingdom Choir
Almost 30% of professionals say they've tried ChatGPT at work
National Anthem of the British Virgin Islands - Oh, Beautiful Virgin
Interpol seeks woman who ran elaborate exam cheating scam in Singapore
Hello Dolly
What is ChatGPT?
for KING & COUNTRY - Amen (Reborn) [feat. Lecrae & The WRLDFMS Tony Wi
Bill Gates is ‘very optimistic’ about the future: ‘Better to be born 20 years from now...than any time in the past’
Bob Marley - Get Up Stand Up
Tesla reported record profits and record revenues for 2022
Yes He Can
Prince Andrew and Virginia Giuffre Photo Is Fake: Ghislaine Maxwell
What A Friend We Have In Jesus
Opinion | Israel’s Supreme Court Claims a Veto on Democracy
Moonwalker Buzz Aldrin Gets Married On His 93rd Birthday
Touch The Hem Of His Garment
Who’s Threatening Israeli Democracy?
The Lord's Prayer
Federal Reserve Probes Goldman’s Consumer Business
China's first population drop in six decades
Microsoft is finalising plans to become the latest technology giant to reduce its workforce during a global economic slowdown
Ray Charles And The Voices Of Jubilaton, Oh, Happy Day
China's foreign ministry branch in Hong Kong urges British gov't to stop the biased and double standards Hong Kong report
Ramblin' Rose
Tesla slashes prices globally by as much as 20 percent
Protoje - Who Knows ft. Chronixx
1.4 Million Copies Of Prince Harry's Memoir 'Spare' Sold On 1st Day In UK
Pressure - Virgin Islands Nice
After Failing To Pay Office Rent, Twitter May Sell User Names
Phil Wickham - House Of The Lord
Lisa Marie Presley, singer and daughter of Elvis, dies aged 54
My God Is Real (Yes, God Is Real)
FIFA president questioned by prosecutors
The Lion King Circle of Life by LEBO M. — LIVE at the HAVASI Symphonic
Britain's Sunak breaks silence and admits using private healthcare
Louis Armstrong - When The Saints Go Marching In
Hype and backlash as Harry's memoir goes on sale. Unnamed royal source says prince 'kidnapped by cult of psychotherapy and Meghan'
Kanye West Sunday Service - hallelujah, salvation, and glory
Saudi Arabia set to overtake India as fastest-growing major economy this year 
Jonathan Nelson - I Believe (Island Medley
Google and Facebook’s dominance in digital ads challenged by rapid ascent of Amazon and TikTok
From The Virgin Islands Sqad Up
Common, John Legend - Glory
Anthony Evans vs. Jesse Campbell - If I Ain't Got You