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A British financier hunted for enormous tax fraud is extradited to Denmark from UAE

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COPENHAGEN, Denmark — A Dubai-based British hedge fund dealer sought by Danish authorities for allegedly orchestrating a $1.7 billion tax fraud, thought-about one of many largest within the Scandinavian nation, has been extradited from the United Arab Emirates, officers stated Wednesday.

Financier Sanjay Shah was convicted in Could in Dubai of masterminding a scheme that ran from 2012 to 2015 wherein overseas companies pretended to personal shares in Danish firms and claimed tax refunds for which they weren’t eligible. A court docket within the United Arab Emirates had cleared his extradition.

Danish media stated he was aboard a airplane from Dubai that landed in Copenhagen early Wednesday. Danish law enforcement officials traveled to Dubai to select him up, the Justice Ministry stated.

“It goes with out saying that we as a society can not settle for that our state treasury is uncovered to it,” Danish Taxation Minister Jeppe Bruus stated, calling it “one of many greatest prison fraud {cases} in Danish historical past.”

International Minister Lars Løkke Rasmussen added that Denmark was “sending an vital sign that you simply can not obtain impunity by staying overseas.”

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Shah’s British lawyer Chris Waters informed Danish broadcaster TV2 that his consumer denies any wrongdoing and “continues to doubt that he can obtain a good trial in Denmark.” His Danish lawyer, Kåre Pihlmann, informed TV2 that they should learn the case file of greater than 300,000 pages earlier than deciding on their line of protection.

Justice Minister Peter Hummelgaard repeatedly informed a information convention forward of his return that Shah was harmless till confirmed responsible. “However if you end up the primary suspect in a case value billions, it attracts consideration,” he stated.

Bruus, who attended the U.N. local weather convention in Dubai, wrote on X, previously Twitter, that he was speculated to fly residence however needed to depart his seat to ”the primary suspect.”

As soon as on Danish soil, Shah will formally be arrested and Denmark’s prosecution authority will request that he be remanded in custody. A trial in suburban Copenhagen is ready for Jan. 8.

Justice Minister Peter Hummelgaard stated the take care of the United Arab Emirate meant that Denmark additionally would search the extradition of a person who is needed for the killing in 2019 of a police officer. The suspect raced by way of central Copenhagen in a automobile and officers tried to cease him.



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