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A UAE judge on Monday rejected the extradition to Denmark of Briton Sanjay Shah, the main suspect in a Danish dividend tax fraud case.
Reuters 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.
It added that Shah is suspected of running a scheme that involved submitting applications to the Danish Treasury on behalf of investors and companies for dividend tax refunds worth more than 9 billion Danish crowns ($1.23 billion).
He has previously denied any wrongdoing. The public prosecution could appeal that decision within 30 days, Shah’s lawyer Ali Al Zarooni said.
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