UAE News: UAE court rejects British national Sanjay's extradition plea, lodged in Dubai jail since June
In the case of Sanjay, accused of carrying out the scam, one of the biggest scams of Denmark, the court ruled in-camera and did not even present the detailed details. The prosecution can file an appeal in this case.
Abhilasha 
A court in the United Arab Emirates on Monday rejected the extradition plea of British national Sanjay Shah, 52, mastermind of the $1.7 billion tax scam. Denmark had sought Sanjay's extradition. Hedge fund trader Sanjay has been lodged in a Dubai jail since June. Hedge fund trading is a type of private partnership.
In the case of Sanjay, accused of carrying out the scam, one of the biggest scams of Denmark, the court ruled in-camera and did not even present the detailed details. The prosecution can file an appeal in this case. This game of tax fraud in Denmark started in the year 2012 and continued for three years. It is alleged that Sanjay claimed to be a shareholder in Danish companies while conducting business abroad. On the basis of this, he sought tax refund, which he was not eligible for. Sanjay has claimed that he is innocent.
About 10 years ago, Shah became unemployed due to the economic downturn of 2008-2009. At that time Shah was a mid-level broker. But today he has become the owner of a property worth 700 million dollars i.e. about 5000 crores. Not only this, he also has a luxurious 60 feet yacht. Shah, who was unemployed at one time, currently has property from London to Dubai. When Shah organized an autism charity, celebs like Derek, Elton John and Jennifer Lopez performed at the event.
However, Shah is still surrounded by controversies, due to which legal action is going on against him in many countries of Europe. Therefore, it is being speculated that they may be arrested in the coming time. Actually, Shah used legal loopholes in some countries and made money. Sanjay Shah took advantage of single-stock dividend tax refunds several times. Denmark's administration has frozen nearly 3.5 billion Danish kroner assets, including his $2 million home in London. The Danish government is trying to handle $2 billion. The Danish government has alleged that his company, Solo Capital Partners LLP, helped investors get a dividend tax refund even after selling shares.
