London Daily

Focus on the big picture.
Thursday, Jul 10, 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

0:00
0:00
Close
Severe Heatwave Claims 2,300 Lives Across Europe
NVIDIA Achieves Historic Milestone as First Company Valued at $4 Trillion
Declining Beer Consumption Signals Cultural Shift in Germany
Linda Yaccarino Steps Down as CEO of X After Two Years
US Imposes New Tariffs on Brazilian Exports Amid Political Tensions
Azerbaijan and Armenia are on the brink of a historic peace deal.
Emails Leaked: How Passenger Luggage Became a Side Income for Airport Workers
Polish MEP: “Dear Leftists - China is laughing at you, Russia is laughing, India is laughing”
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Weinstein Victim’s Lawyer Says MeToo Movement Still Strong
U.S. Enacts Sweeping Tax and Spending Legislation Amid Trade Policy Shifts
Football Mourns as Diogo Jota and Brother André Silva Laid to Rest in Portugal
Labour Expected to Withdraw Support for Special Needs Funding Model
Leaked Audio Reveals Tory Aide Defending DEI Record
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
London Stock Exchange Faces Historic Low in Initial Public Offerings
A new online platform has emerged in the United Kingdom, specifically targeting Muslim men seeking virgin brides
Trump Celebrates Independence Day with B-2 Flyover and Signs Controversial Legislation
Boris Johnson Urges Conservatives to Ignore Farage
SNP Ordered to Update Single-Sex Space Guidance Within Days
Starmer Set to Reject Calls for Wealth Taxes
Stolen Century-Old Rolls-Royce Recovered After Hotel Theft
Macron Presses Starmer to Recognise Palestinian State
Labour Delayed Palestine Action Ban Over Riot Concerns
Swinney’s Tax Comments ‘Offensive to Scots’, Say Tories
High Street Retailers to Enforce Bans on Serial Shoplifters
Music Banned by Henry VIII to Be Performed After 500 Years
Steve Coogan Says Working Class Is Being ‘Ethnically Cleansed’
Home Office Admits Uncertainty Over Visa Overstayer Numbers
JD Vance Questions Mandelson Over Reform Party’s Rising Popularity
Macron to Receive Windsor Carriage Ride in Royal Gesture
Labour Accused of ‘Hammering’ Scots During First Year in Power
BBC Head of Music Stood Down Amid Bob Vylan Controversy
Corbyn Eyes Hard-Left Challenge to Starmer’s Leadership
London Tube Trains Suspended After Major Fire Erupts Nearby
Richard Kemp: I Felt Safer in Israel Under Attack Than in the UK
Cyclist Says Police Cited Human Rights Act for Riding No-Handed
China’s Central Bank Consults European Peers on Low-Rate Strategies
AI Raises Alarms Over Long-Term Job Security
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Musk Battles to Protect Tesla Amid Trump Policy Threats
Air France-KLM Acquires Majority Stake in Scandinavian Airlines
UK Educators Sound Alarm on Declining Child Literacy
Shein Fined €40 Million in France Over Misleading Discounts
Brazil’s Lula Visits Kirchner During Argentina House Arrest
Trump Scores Legislative Win as House Passes Tax Reform Bill
Keir Starmer Faces Criticism After Rocky First Year in Power
DJI Launches Heavy-Duty Coaxial Quadcopter with 80 kg Lift Capacity
U.S. Senate Approves Major Legislation Dubbed the 'Big Beautiful Bill'
Largest Healthcare Fraud Takedown in U.S. History Announced by DOJ
×