Sanjay Shah

2022 - 9 - 12

Post cover — Image courtesy of "Bloomberg"

Hedge-Fund Trader Shah Won't Be Extradited to Denmark, AP Says (Bloomberg)

Hedge-fund trader Sanjay Shah, who was arrested in Dubai earlier this year, won't be extradited to Denmark to face charges in connection with a $1.9 billion ...

[Sign up for ](https://www.bloomberg.com/account/newsletters/middle-east?itm_source=inline)our Middle East newsletter and follow us [@middleeast](https://twitter.com/middleeast) for news on the region. [reported](/news/terminal/RI351NTP3SHS), without immediately saying how it obtained the information.

UAE rejects Danish court's extradition of Sanjay Shah in billion ... (ABC News)

An Emirati court rules that a British man suspected of masterminding a $2.47 billion tax scheme cannot be extradited to Denmark to face charges.

He also oversaw a British-based charity, Autism Rocks, which raised funds through concerts and performances. The elaborate scheme, which ran for three years beginning in 2012, allegedly involved foreign businesses pretending to own shares in Danish companies and claiming tax refunds for which they were not eligible. - The scheme ran for three years and allegedly involved foreign businesses claiming tax refunds they were not eligible for

UAE judge rejects extradition of main suspect in Danish tax fraud case (Reuters)

A United Arab Emirates judge on Monday rejected the extradition to Denmark of Briton Sanjay Shah, the main suspect in a Danish dividend tax fraud case, ...

The public prosecution could appeal that decision within 30 days, Shah's lawyer Ali Al Zarooni said. Register now for FREE unlimited access to Reuters.com

Dubai court rejects request to extradite Sanjay Shah over $1.7bn tax ... (The National)

Denmark's tax authority alleges that Mr Shah, a British citizen, was a central player in a scheme in which foreign businesses pretended to own shares in Danish ...

He was denied bail by prosecutors in Dubai. They can't add documents in the Court of Cessation. “Prosecutors [acting on behalf of Danish authorities] will most probably appeal. As I said before, there were breaches from the Danish side. “I don’t think there are any reasons to deny bail after this judgment. “The file of the case is closed.

Dubai court rejects Danish extradition request for financier (KTAR.com)

DUBAI, United Arab Emirates (AP) -- A Dubai court ruled on Monday that a British man suspected of masterminding a $1.7 billion tax scheme cannot be.

The UAE, a federation of seven emirates, has long invited the wealthy, including disgraced public figures, to invest in the country without questioning where they made their money. After Danish authorities signed an extradition agreement with the UAE, Dubai police arrested Shah in June. Al-Zarooni had contested the extradition, arguing in past closed-door hearings that Denmark had “breached” the rules of international extradition treaties in unspecified ways.

Dubai court rejects request to extradite Sanjay Shah over $1.7bn tax ... (The National)

Denmark's tax authority alleges that Mr Shah, a British citizen, was a central player in a scheme in which foreign businesses pretended to own shares in Danish ...

UAE judge rejects extradition of main suspect Sanjay Shah in ... (Eastern Eye)

Danish authorities had requested the extradition of Shah, who was arrested in Dubai in June, for prosecution over his alleged involvement in a sham trading ...

The public prosecution could appeal that decision within 30 days, Shah’s lawyer Ali Al Zarooni said. Danish authorities had requested the extradition of Shah, who was arrested in Dubai in June, for prosecution over his alleged involvement in a sham trading scheme to make double tax reclaims – known as “cum-ex” trading. A United Arab Emirates judge on Monday rejected the extradition to Denmark of Briton Sanjay Shah, the main suspect in a Danish dividend tax fraud case, a lawyer representing Shah told Reuters.

UAE rejects extradition of Sanjay Shah in billion dollar tax fraud case (Business Day)

Danish authorities had requested the extradition of Shah, who was arrested in Dubai as the main suspect in $1.23bn tax fraud case.

Dubai court rejects Danish extradition request for financier (WHEC)

DUBAI, United Arab Emirates (AP) — A Dubai court ruled on Monday that a British man suspected of masterminding a $1.7 billion tax scheme cannot be ...

[including two of the Gupta brothers from South Africa](https://apnews.com/article/politics-united-arab-emirates-middle-east-south-africa-dubai-c323649ff0f1799247dca4c4b6671976), accused of facilitating vast public corruption and draining state resources with former President Jacob Zuma. [alleged weaknesses in combating illicit finance](https://apnews.com/article/financial-markets-united-arab-emirates-business-dubai-middle-east-5615b222c13943e9a2d6ef0f0d4917a5). [Scrutiny of Dubai has intensified](https://apnews.com/article/russia-ukraine-politics-dubai-23140fb7a4348c84e33157fe9a237fec) as the flashy city-state becomes a haven for Russian money amid Moscow’s war on Ukraine. Shah is one of several suspects in the tax scheme sought by Danish authorities. He also oversaw a British-based charity, Autism Rocks, which raised funds through concerts and performances. [Dubai police arrested Shah in June](https://apnews.com/article/united-arab-emirates-middle-east-dubai-arrests-ab063d848af2f67dbec5746f4c403520).

Dubai court rejects Danish extradition request for financier (The Washington Post)

An Emirati court has ruled that a British man suspected of masterminding a $1.7 billion tax scheme cannot be extradited to Denmark to face charges.

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