Sanjay Shah arrest 'clear signal' UAE will tackle international crime, says minister
A collaboration with the Danish authorities to arrest and extradite British financial trader Sanjay Shah is a clear sign of the UAE’s commitment to disrupt organised crime, the justice minister has said.
Mr Shah, 52, has denied being a key player in a $1.7-billion tax refund scheme that is alleged to have defrauded the Danish state.
The ‘cum-ex’ trading scheme ran for three years from 2012. Foreign businesses pretend to own shares in Danish companies and claim ineligible tax refunds.
Abdullah Al Nuaimi, Minister of Justice, said the arrest delivers a clear message on international collaboration on law enforcement.
"International crime requires an international response,” he said in a statement to state news agency Wam.
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