Dubai Police arrest Sanjay Shah over the biggest $1.7b of tax fraud and money laundering cases in Denmark

British national Shah

Shah was charged with defrauding Danish tax authorities of multi-billion dollars through the ‘cum-ex’ trading schemes.

June 3, 2022

https://gulfnews.com/uae/crime/dubai-police-arrest-sanjay-shah-over-the-biggest-17b-of-tax-fraud-and-money-laundering-cases-in-denmark-1.1654255720078

This scheme was observed on a larger scale in what is known as the cum-ex scandal, which - as revealed in a cross-border investigation that relied on undercover reporting, whistleblowers, and a leaked trove of 180,000 pages in documents - saw Europe's financial elite extract over $60 billion from state coffers.

https://www.occrp.org/en/daily/13592-denmark-charges-two-for-masterminding-billion-dollar-tax-fraud

https://8kun.top/qresearch/res/12410993.html#21832221

Shah: He commanded a 62-foot yacht and booked Drake, Elton John and Jennifer Lopez to play for an autism charity he'd founded.

But in a series of recent interviews from his $4.5 million home in Dubai, Shah was unrepentant.

"Bankers don't have morals," the 50-year-old said on a video call. "Hedge-fund managers, and so on, they don't have morals. I made the money legally."

To the authorities trying to extract him from his exile, he has a piece of advice: know your tax code.

A Dubai court threw out Denmark's lawsuit against Shah in August, though it is appealing the decision.

But instead Shah's legal problems are just beginning. A mammoth three-part civil trial covering Skat's allegations against Shah will start in London next year. The accusations are also at the heart of a massive U.S. civil case targeting other participants in the alleged scam.

October 07, 2020

https://www.ndtv.com/world-news/sanjay-shah-the-unemployed-trader-who-became-a-700-million-exile-2306059