Danish authorities had requested the extradition of Sanjay Shah, who was arrested in Dubai in June.
A United Arab Emirates decide on Monday rejected the extradition to Denmark of Briton Sanjay Shah, the principle suspect in a Danish dividend tax fraud case, a lawyer representing Shah stated.
Danish authorities had requested the extradition of Shah, who was arrested in Dubai in June, for prosecution over his alleged involvement in a sham buying and selling scheme to make double tax reclaims – referred to as “cum-ex” buying and selling.
He's suspected of operating a scheme that concerned submitting functions to the Danish Treasury on behalf of traders and firms from world wide for dividend tax refunds value greater than 9 billion Danish kroner ($1.23bn).
Reuters information company was not instantly in a position to attain Shah’s spokesperson for a remark. He has beforehand denied any wrongdoing.
“I perceive that at this time’s resolution within the extradition case shouldn't be closing and that the prosecution within the United Arab Emirates has the chance to attraction the choice,” Denmark’s Justice Minister Mattias Tesfaye informed Reuters.
“I hope that the Emirati prosecutor’s workplace will make use of this chance,” Tesfaye stated, including that Danish authorities would provoke talks with the Emirati prosecution authority.
It was not instantly clear why the extradition was rejected, however Danish broadcaster TV 2, citing courtroom paperwork, reported Danish authorities had not filed all the mandatory paperwork wanted.
“We are actually investigating what's behind the rejection and whether or not errors have been made, which have to be rectified if obligatory,” Tesfaye stated.
The general public prosecution can attraction the choice inside 30 days, Shah’s lawyer Ali al-Zarooni informed Reuters.
There was no instant remark by UAE authorities.
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