Friday, September 23, 2022
Volume:
38
Issue:
10
Abstract:
On September 12, 2022, a United Arab Emirates court denied the extradition request by Denmark for Dubai to extradite British national Sanjay Shah, the principal suspect in a Danish cum-ex dividend tax fraud cause.[1] On September 16, a Dubai court ordered Shah and several other people and companies connected to him to repay Denmark more than 8 billion kroner ($1.1 billion).[2]
[1] Alexander Cornwell, Nikolaj Skydsgaard, Stine Jacobsen; Terje Solsvik and Alison Williams, UAE judge rejects extradition of main suspect in Danish tax fraud case, Reuters, Sept. 12, 2022.
[2] Dubai court orders Sanjay Shah, others to pay Denmark $1 billion, Bloomberg, Sept. 16, 2022.