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Dubai Police nab suspect in Danish tax fraud case

by Dubai Forum
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A British national charged with swindling Danish tax authorities to the tune of $1.7 billion (12 billion Danish Krone) has been arrested in Dubai.

Sanjay Shah was nabbed following close cooperation between Danish and Emirati authorities as per a bilateral extradition treaty signed in March 2022.

An international arrest warrant had been issued against Shah, who is one of the main suspects in a major tax fraud and money laundering case.

He will soon be extradited to Denmark.

Lieutenant General Abdullah Khalifa Al Marri, Commander-in-Chief of Dubai Police praised his team’s efforts in locating, tracking and arresting the 52-year-old suspect.

A task force comprising elite officers and members from the Wanted Persons Department and the Anti-Money Laundering Department investigated, gathered evidence, and tracked his movements and whereabouts.

Brigadier Jamal Al Jallaf, director of the General Department of Criminal Investigations, said that Shah was wanted by Danish authorities for being involved in a scheme in which foreign businesses that pretended to own shares in Danish companies claim tax refunds for which they were not eligible.

“The fraud scheme, known as ‘cum-ex’ trading, 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,” he explained.

Brig. Al Jallaf added that Shah will be handed over to the Danish authorities after presenting him before the Dubai Public Prosecution and obtaining his extradition warrant as per the international laws in this regard.

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