Europe News Desk!!! The Dubai Court of Cassation has rejected an appeal by British-Indian Sanjay Shah, who is wanted by Danish authorities on charges of money laundering and tax fraud worth $1.7 billion. In doing so, it upheld a Dubai Court of Appeal ruling last year that granted Denmark’s request for his extradition. Dubai’s Attorney General, Chancellor Issa Al Humaidan announced that the Dubai Court of Cassation has rejected the appeal of Sanjay Shah, a British national wanted by the Danish authorities, to be extradited to Denmark on charges of fraud and money laundering , the media office of the Government of Dubai announced on Twitter.
Shah, 52, a hedge fund trader living in The Palm Jumeirah, was arrested by Dubai Police in June last year following Denmark’s extradition request. His fraud scheme involved submitting thousands of applications to the Danish Treasury on behalf of investors and companies from several countries around the world in order to obtain dividend tax refunds, according to Dubai Police. The courts in Dubai initially rejected Denmark’s extradition request. Attorney General Chancellor Essam Issa Al Humaidan appealed the decision in accordance with International Judicial Cooperation Law and the Dubai Court of Cassation has now upheld the decision to extradite the suspect to Denmark, according to a statement. Shah is accused of masterminding a scam, which lasted three years from 2012, in what has been described as one of the biggest fraud cases in Denmark’s history. According to a statement from Dubai Police, his fraud scheme involved submitting thousands of applications to the Danish Treasury on behalf of investors and companies from several countries around the world, in order to obtain dividend tax refunds.
–IANS
World News Desk!!
cbt