A British financier sought for huge tax fraud is extradited to Denmark from UAE

A Dubai-based British hedge fund trader sought by Danish authorities for allegedly orchestrating a $1.7 billion tax fraud, considered one of the largest in the Scandinavian country, has been extradited from the United Arab Emirates. Financier Sanjay Shah was convicted in May in Dubai of masterminding a scheme that ran from 2012 to 2015 in which foreign businesses pretended to own shares in Danish companies and claimed tax refunds for which they were not eligible. A court in the United Arab Emirates had cleared his extradition.