Dubai arrests British man over $1.7B Denmark tax fraud case
Dubai police said Friday they arrested and planned to extradite a British man to Denmark, wanted there for allegedly masterminding a $1.7 billion tax scheme, one of the country’s largest-ever fraud cases. The arrest of hedge fund trader Sanjay Shah came after Danish officials signed an agreement in March allowing for extradition between the United Arab Emirates and Denmark. Shah has maintained his innocence in interviews with journalists while living in Dubai over the last few years on the city-state’s manmade Palm Jumeirah archipelago, but never appeared in Denmark to answer the accusations. It wasn’t clear if Shah, 52, had a local lawyer in the Emirates. A court date did not appear to have been set in Dubai, the commercial capital of the seven-sheikhdom federation of the UAE. Prosecutors did not respond to a request for comment on Friday, the start of the Emirati weekend. A spokesman once associated with Shah, who ran the firm Solo Capital Partners, did not respond to a request for c...