Dubai police detain Danish fraudster in $1.7bn tax scheme

Dubai police have arrested and plan to repatriate a Britisher wanted in Denmark for fraud of around a $1.7bn tax scheme, one of the largest-ever fraud cases.

Dubai police have arrested and plan to repatriate a Britisher wanted in Denmark for fraud of around a $1.7bn tax scheme, one of the largest-ever fraud cases.

The detention of Sanjay Shah, aged 52, a hedge fund trader, came after Danish officials signed a pact in March enabling extradition between the Denmark and UAE.


Dubai Police has confirmed his arrest through a tweet on Friday, 3 June, in which it stated that the goal was to extradite Shah for prosecution in Denmark.

Dubai police Brigadier General Jamal al-Jallaf said in a statement that the emirate got an international arrest warrant from Denmark for Shah, who is charged with a fraud of witnessing foreign businesses pretend to hold shares in Danish companies and claiming tax refunds for which they were not entitled.

Al-Jallaf said, “The fraud scheme, also known as ‘cum-ex’ trading, consisted submitting several of applications to the Danish Treasury on behalf of companies and investors from many nations around the world in order to get dividend tax refunds.”

The officials of Denmark said the scheme ran for some three years starting in 2012.

Shah has always been always been pretending to be innocent in interviews with journalists while residing in Dubai in the past few years but has never appeared in his home country, Denmark, to answer the accusations. It was not clear yet if he had a local lawyer in the Emirates.

A court date has not been immediately set in Dubai, and prosecutors have also not responded to a request for comment on 3 June.


In a joint statement given by Denmark’s justice and foreign ministries commended Dubai’s arrest of Shah, who was described as a target of the country’s prosecutors since 2015.

Shah is one of many accused in the tax scheme sought by Danish authorities.


Please enter your comment!
Please enter your name here

Read More

An Artsy restaurant ‘The Trove’ launches in Dubai Mall

The Trove, new gastronomy that meets art concepts, has been launched in Dubai Mall. Orkan Doganci and Ahmet Oytun Cakir, Dubai-based restauranteurs and entrepreneurs, teamed up to create this new concept.

UAE COVID: 558 new cases; 100% population is partially vaccinated

The Middle East country recorded a total of 558 on Saturday, March 5, 202, according to the data shared by the Ministry of Health.

St Kitts: Premier Mark Brantley hosts Canadian Ambassador Lilian Chatterjee at his office

St Kitts and Nevis: The Premier of Nevis, Mark Brantley, welcomed Canadian Ambassador Lilian Chatterjee at his office in Pinneys Estate yesterday, January 17th. 


The Pods Dubai, offering unusual dining experience will open its doors in May

Dubai will soon add The Pods to its list of unusual dining experiences. The Pods Dubai is, located on Bluewaters Island, is a pan-Asian restaurant that is all set to open its doors in May.

UAE reports 323 new COVID infections with zero death

The Middle East country has recorded a total of 323 additional infections of the novel coronavirus on Tuesday, March 8, 2022.

Bahrain: Consumer Protection Dept. announces launch of Encouragement Initiative for shop owners

Bahrain: Consumer Protection Department of the Ministry of Industry and Trade announces the launch of the National Encouragement Initiative for shop owners