Cum-ex suspect Sanjay Shah arrested in Dubai 06 June 2022UAE Reporter: Bob Currie
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The Dubai police have arrested Sanjay Shah, a UK national resident in the UAE, that the Danish tax authorities are pursuing in connection with a US$1.5 billion cum-ex case.
According to a statement from Denmark’s Justitsministeriet, the Danish Ministry of Justice, the arrest comes as a result of close collaboration with the Emirati authorities.
Denmark and the United Arab Emirates (UAE) signed an extradition treaty in March. “Since this time, it has been hoped that the agreement could form the basis for suspected perpetrators of crimes related to Denmark being executed and prosecuted [in Denmark],” said a statement from the Danish government.
Reflecting on the recent arrest, Denmark’s Justice Minister Matthias Tesfaye says: ““I am a very happy Minister of Justice. The arrest in Dubai underscores why it was so important that the government succeeded in concluding an extradition agreement with the United Arab Emirates recently.
The Minister says that the Danish treasury has been “cheated for a staggering amount”, and that it should not be possible for suspected perpetrators to hide in the Middle East and avoid being held accountable in a Danish courtroom.
“Now I am awaiting the legal process in the United Arab Emirates, and crossing my fingers that it will end up that we can get Sanjay Shah on a plane to Denmark, so he can be prosecuted in this country," concludes Tesfaye.
A more comprehensive, cross-jurisdictional update is provided here.
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