Saudi Press

Saudi Arabia and the world
Saturday, Sep 13, 2025

British man arrested in Dubai over £1.3bn tax fraud case and faces extradition to Denmark

British man arrested in Dubai over £1.3bn tax fraud case and faces extradition to Denmark

Sanjay Shah is accused of a fraud that allegedly saw foreign businesses pretend to own shares in Danish companies and claim tax refunds for which they were not eligible.
A British man wanted in Denmark over a £1.3bn tax case has been arrested in Dubai and now faces extradition.

The arrest of hedge fund trader Sanjay Shah, in one of Denmark's largest-ever fraud cases, comes after the country signed an agreement in March allowing for extradition there from the United Arab Emirates.

The 52-year-old has maintained his innocence in interviews with journalists while living in Dubai over recent years on the city-state's manmade Palm Jumeirah archipelago, but never appeared in Denmark to face the claims.

"We will push for an extradition as soon as possible," Danish foreign minister Jeppe Kofod said in a tweet.

It was not immediately clear if Shah had a local lawyer in the UAE.

No court date appears to have been set so far in Dubai, the commercial capital of the seven-sheikhdom federation of the UAE, and prosecutors did not immediately respond to a request for comment.

It comes after Denmark's tax authority won an appeal in UK courts, following a judge's earlier decision to refuse a bid to hear the case in Britain on the grounds it was not the proper place to bring a foreign tax claim.

A spokesman once associated with Shah, who ran the firm Solo Capital Partners, did not immediately respond to a request for comment on the latest development.

Shah had run a centre for autistic children in Dubai that shut down in 2020 amid the attempts by Denmark to extradite him.

He also ran the British-based charity Autism Rocks, which raises money through arranging shows by major performers.

Dubai police Brigadier General Jamal Al Jallaf said the emirate received an international arrest warrant from Denmark for Shah.

Brig Gen Al Jallaf said in a statement that Shah was accused of a fraud that allegedly saw foreign businesses pretend to own shares in Danish companies and 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," Brig Gen Al Jallaf said.

Danish authorities say the scheme ran for some three years from 2012.

Denmark's justice and foreign ministries praised Dubai's arrest of Shah, whom they described in a joint statement as a target of the country's prosecutors since 2015.

Shah is one of several suspects in the tax scheme sought by Danish authorities, described as one of the largest fraud cases in the country's history.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Could AI Nursing Robots Help Healthcare Staffing Shortages?
Turkish authorities seize leading broadcaster amid fraud and tax investigation
Qatari prime minister says Netanyahu ‘killed any hope’ for Israeli hostages
Apple Introduces Ultra-Thin iPhone Air, Enhanced 17 Series and New Health-Focused Wearables
Big Oil Slashes Jobs and Investments Amid Prolonged Low Crude Prices
Social Media Access Curtailed in Turkey After CHP Calls for Rallies Following Police Blockade of Istanbul Headquarters
Did the Houthis disrupt the internet in the Middle East? Submarine cables cut in the Red Sea
Gold Could Reach Nearly $5,000 if Fed Independence Is Undermined, Goldman Sachs Warns
Uruguay, Colombia and Paraguay Secure Places at 2026 World Cup
Trump Administration Advances Plans to Rebrand Pentagon as Department of War Instead of the Fake Term Department of Defense
Tether Expands into Gold Sector with Profit-Driven Diversification
Trump’s New War – and the ‘Drug Tyrant’ Fearing Invasion: ‘1,200 Missiles Aimed at Us’
At the Parade in China: Laser Weapons, 'Eagle Strike,' and a Missile Capable of 'Striking Anywhere in the World'
Information Warfare in the Age of AI: How Language Models Become Targets and Tools
Israeli Airstrike in Yemen Kills Houthi Prime Minister
After the Shock of Defeat, Iranians Yearn for Change
YouTube Altered Content by Artificial Intelligence – Without Permission
Iran Faces Escalating Water Crisis as Protests Spread
More Than Half a Million Evacuated as Typhoon Kajiki Heads for Vietnam
HSBC Switzerland Ends Relationships with Over 1,000 Clients from Saudi Arabia, Lebanon, Qatar, and Egypt
Sharia Law Made Legally Binding in Austria Despite Warnings Over 'Incompatible' Values
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
Beijing is moving into gold and other assets, diversifying away from the dollar
Cristiano Ronaldo Makes Surprise Stop at New Hong Kong Museum
Zelenskyy to Visit Washington after Trump–Putin Summit Yields No Agreement
High-Stakes Trump-Putin Summit on Ukraine Underway in Alaska
Iranian Protection Offers Chinese Vehicle Shipments a Cost Advantage over Japanese and Korean Makers
Saudi Arabia accelerates renewables to curb domestic oil use
Cristiano Ronaldo and Georgina Rodríguez announce engagement
Asia-Pacific dominates world’s busiest flight routes, with South Korea’s Jeju–Seoul corridor leading global rankings
Private Welsh island with 19th-century fort listed for sale at over £3 million
Sam Altman challenges Elon Musk with plans for Neuralink rival
Australia to Recognize the State of Palestine at UN Assembly
The Collapse of the Programmer Dream: AI Experts Now the Real High-Earners
Armenia and Azerbaijan to Sign US-Brokered Framework Agreement for Nakhchivan Corridor
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
WhatsApp Deletes 6.8 Million Scam Accounts Amid Rising Global Fraud
Nine people have been hospitalized and dozens of salmonella cases have been reported after an outbreak of infections linked to certain brands of pistachios and pistachio-containing products, according to the Public Health Agency of Canada
Texas Residents Face Water Restrictions While AI Data Centers Consume Millions of Gallons
Tariffs, AI, and the Shifting U.S. Macro Landscape: Navigating a New Economic Regime
India Rejects U.S. Tariff Threat, Defends Russian Oil Purchases
United States Establishes Strategic Bitcoin Reserve and Digital Asset Stockpile
Thousands of Private ChatGPT Conversations Accidentally Indexed by Google
China Tightens Mineral Controls, Curtailing Critical Inputs for Western Defence Contractors
OpenAI’s Bold Bet: Teaching AI to Think, Not Just Chat
BP’s Largest Oil and Gas Find in 25 Years Uncovered Offshore Brazil
×