Arrest of Sanjay Shah in Dubai: UAE, Denmark spent 2 years to pin tax fraud suspect

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Arrest of Sanjay Shah in Dubai: UAE, Denmark spent 2 years to pin tax fraud suspect

  The recent arrest of tax fraud suspect Sanjay Shah in Dubai took two years of work by UAE authorities and their Danish counterparts, the UAE Minister of Justice said. "International crime requires an international response. The arrest of Sanjay Shah, following receipt of an international arrest warrant from the Danish authorities, sends a clear signal of the UAE’s intent to work in close collaboration with international partners in pursuit of international crime,” said Minister of Justice Abdullah bin Sultan bin Awad Al Nuaimi. Al Nuaimi said there were 25 legal assistance requests between the UAE and Denmark on Shah’s case. A special team from Dubai Police's Criminal Investigation Department then traced and put Shah under surveillance until his eventual arrest. The British tax fraud suspect is wanted in Denmark over a $1.7 billion dividend tax fraud case, the biggest of its kind in the European country to date. Shah, 52, will be handed over to Danish authorities after he faces the Public Prosecution in Dubai and an extradition warrant is issued. Police said Shah is wanted by Danish authorities for being involved in a scheme in which foreign businesses pretended to own shares in Danish companies and falsely claim tax refunds. The fraud scheme, known as “cum-ex” trading, involved submitting more 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, according to Dubai Police. ICA/Expat Media

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