Dubai police have arrested and seek to extradite a British man wanted in Denmark over a $1.7bn tax scheme, one of Denmark's largest-ever fraud cases. The arrest of hedge fund trader Sanjay Shah, 52, follows after Danish officials signed an agreement in March this year allowing for extradition between the United Arab Emirates and Denmark. In a statement on 3 June, Dubai police Brigadier General Jamal al-Jallaf said that the emirate received an international arrest warrant from Denmark for Shah, who is accused of a fraud that saw foreign businesses pretend to own shares in Danish compan...
To continue reading this article...
Join International Investment
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes