- Sunday, March 02, 2025
By: Shubham Ghosh
The Dubai Court of Cassation has rejected the appeal of British-Indian businessman Sanjay Shah who is wanted by authorities in Denmark on charges of fraud and money-laundering and upheld the Dubai Court of Appeal’s ruling to grant the Scandinavian nation’s request for his extradition, the Press Trust of India reported citing a statement.
The 52-year-old Shah, who is a hedge fund trader, was arrested by Dubai Police in June last year in response to Copenhagen’s extradition petition. His extradition was referred to the Dubai Courts by the attorney general, the report added.
Though the Dubai Courts initially rejected Denmark’s extradition request, attorney general Chancellor Essam Issa Al Humaidan appealed the decision in accordance with the Law of International Judicial Cooperation, and the Dubai Court of Cassation has now upheld the decision to extradite the suspect to Denmark, according to the statement issued in Dubai on Sunday (2).
In December last year, a court in Dubai had ruled Shah, accused of masterminding a $1.7 billion tax scheme, be extradited to Denmark.
Shah, a hedge fund trader, was accused of orchestrating a scheme that ran from 2012 to 2015, in which foreign businesses pretended to own shares in Danish companies and claimed tax refunds for which they were not eligible.
(With PTI inputs)
