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Sunday 23 June, 2024
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Sanjay Shah mastermind of £1.5BILLION tax fraud will not be extradited to Denmark

BY Anas Shah Sep 12, 2022. 12:06 pm UPDATED: Sep 12, 2022. 12:06 pm

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According to a decision made by an Emirati court, a British man suspected of orchestrating a £1.5 billion tax fraud cannot be extradited to Denmark to face prosecution.

Sanjay Shah, a hedge fund trader, was sought by Danish authorities for his involvement in one of the biggest fraud cases in the nation. The high-profile case’s verdict gives him the upper hand.

Prosecutors may appeal the court decision on Monday that the judges delivered in silence.

Foreign corporations pretended to own shares in Danish companies throughout the complex scheme, which lasted for three years starting in 2012, in order to receive tax rebates they were not entitled to.

“Of course we will try to get him (out) on bail now immediately,” Shah’s lawyer, Ali al-Zarooni, told the Associated Press.

Requests for comment from the Copenhagen prosecutors were not immediately returned.

The 52-year-old banker has consistently claimed his innocence in previous talks with media, although he has never been seen in Denmark to face charges.

Mr. Al-Zarooni had objected to the extradition, claiming in prior sessions held behind closed doors that Denmark had “breached” international extradition treaty laws in an unclear manner.

Outrage in Denmark over the past few years has been caused by Shah’s lavish lifestyle on Dubai’s palm-shaped island.

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Shah was detained by Dubai police in June after the two nations agreed to an extradition agreement.

The hedge fund manager operated an autism centre in Dubai while there, but it was forced to close in 2020 as Denmark sought to deport him.

Read More: Jay Albert Stevens confesses to murder in front of cops

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