Dubai Police arrest suspect in Danish dividend tax fraud case worth $1.7bn

Dubai Police have arrested Mr Sanjay Shah, a suspect in a Danish dividend tax fraud case worth DKK12bn ($1.7bn), with a view to his eventual extradition for prosecution in Denmark.

The arrest follows close cooperation between Danish and Emirati authorities as part of a bilateral extradition treaty recently signed in March 2022, creating a framework for extraditing individuals suspected of committing crimes in Denmark to Denmark for prosecution.

Lieutenant General Abdullah Khalifa Al Marri, Commander-in-Chief of the Dubai Police, reiterated that the Dubai Police, as directed and instructed by our wise leadership, has always sought to maintain strong, active and vital channels of communication with global police and judicial authorities to combat transnational organised crime, including financial crime and fraud. 

Lieutenant General Al Marri also praised the tremendous efforts made by the team of the Main Criminal Investigation Department, which detected, traced and arrested the suspect in coordination with the Dubai Public Prosecution Authority.

Expert Major General Khalil Ibrahim Al Mansouri, Assistant Commander-in-Chief for Criminal Investigation, explained that by sharing information with Danish authorities about Mr Sanjay Shah, 52, a British national, a task force of elite officers and officers from the Department of Personnel Search and Anti-Money Laundering Department investigated, gathered evidence and traced the movements and whereabouts of the suspect.

Brigadier General Jamal Al Jallaf, director of the Main Criminal Investigation Department

Brigadier General Jamal Al Jallaf, director of the Main Criminal Investigation Department, said they had obtained an international arrest warrant from the Danish authorities through the Ministry of Justice, represented by the Department of International Cooperation and the Dubai Public Prosecution Authority, to arrest Mr Shah in the Danish dividend tax fraud case worth DKK12bn ($1.7bn). He explained that members of the Dubai Police raid conducted the arrest with exceptional precision and professionalism. 

Brigadier Al Jallaf explained that Mr Shah was wanted by the Danish authorities for his involvement in a scheme in which foreign companies pretended to own shares in Danish companies and claimed back taxes to which they were not entitled. He said Mr Shah, along with others, had been charged with dividend tax fraud and money laundering.

“The fraudulent scheme, known as the ‘cum-ex’ trade, involved the filing of over thousands of applications with the Danish Treasury on behalf of investors and companies from several countries around the world to obtain dividend tax refunds,” he continued.

Brig Al Jallaf noted that Mr Sanjay Shah would be handed over to the competent Danish authorities after he was brought before the Dubai Public Prosecution Authority and legal action was taken to obtain an extradition warrant for him in accordance with international laws in this regard.

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