Dubai Dec 29 (PTI) A court in Dubai on Thursday ruled that a 52-year-old British citizen accused of masterminding a USD 1.7 billion tax scheme be extradited to Denmark.
Sanjay Shah, a hedge fund trader, is accused of orchestrating a scheme that ran from 2012 to 2015, in which foreign businesses pretended to own shares in Danish companies and claimed tax refunds for which they were not eligible. The ruling followed the hearing of an appeal by Chancellor Essam Issa Al Humaidan, Attorney General of Dubai, to the Dubai Court of Cassation against a previous ruling of the Dubai Court of Appeal rejecting a request for Shah’s extradition, according to a statement released here on Thursday.
The Court of Cassation decided to return the case to the Court of Appeal for reconsideration by a different judicial body. This court ruled to extradite Shah to the Danish authorities. “Dubai Public Prosecution submitted to the Court of Appeal all papers and documents submitted by the Danish authorities against Sanjay Shah, which showed his involvement in fraud and money laundering,” it said.
