December 30, 2022
1 min read

Dubai Court grants extradition of Sanjay Shah to Denmark

Shah’s fraud scheme involved submitting thousands of applications to the Danish Treasury on behalf of investors and companies from several countries around the world …reports Asian Lite News

A British citizen of Indian-origin, accused of money laundering and committing tax fraud to the tune of $1.7 billion, will be extradited to Denmark, a Dubai court ruled.

Sanjay Shah, 52, a British hedge-fund trader, is accused of masterminding a scam, which ran for three years since 2012, has been described as one of the largest fraud cases in Denmark’s history.

Shah’s fraud scheme 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, the Dubai Police said in a statement.

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 media statement released 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 him to the Danish authorities.

Dubai Public Prosecution submitted to the Court of Appeal all papers and documents submitted by the Danish authorities against Shah, which showed his involvement in fraud and money laundering, according to the statement.

Shah, who lived on The Palm Jumeirah in Dubai, was arrested earlier this year following an extradition request from Danish authorities.

His lawyer Ali Al Zarouni said his client will appeal against the extradition ruling made by Dubai Court of Appeal.

The arrest and ruling align with Dubai’s commitment to combat illegal financial activities, including money laundering.

ALSO READ: Dubai set to welcome New Year with dazzling events

Previous Story

Emiratisation fine of Dh72,000 to take effect from Jan 1

Next Story

‘India supports UAE’s maritime initiatives’

Latest from -Top News

Armed gangs kill dozens in Nigeria

A local state governor said “scores” of people had been killed in the attacks, which also saw homes and properties destroyed. Northeast Nigeria has been gripped by a deadly wave of violence

Children die as USAID aid cuts snap a lifeline

Trump administration cut more than 90% of USAID’s foreign aid contracts and $60 billion in overall assistance around the world. Programs serving children were hit hard Under the dappled light of a

US Lifts Syria Sanctions

Syria faces fragile reconstruction path despite sanctions relief. On Friday, the U.S. Treasury Department issued a general license authorizing financial transactions with the interim Syrian government, the central bank, and state-owned enterprises.
Go toTop

Don't Miss

UAE leaders drive sustainable agenda forward

President Sheikh Mohamed bin Zayed and Vice President Sheikh Mohammed

Ahlan Wa Sahlan Ya Haj

Around one million maskless pilgrims are expected to be in