The United Arab Emirates has begun the extradition process of a British citizen to Denmark who is suspected of defrauding Danish tax authorities of over $1 billion, a UAE official said on Wednesday.
Sanjay Shah is suspected of running a scheme that involved submitting applications to the Danish Treasury on behalf of investors and companies from around the world for dividend tax refunds worth more than 9 billion Danish crowns ($1.32 billion).
Shah, arrested in Dubai in June, denies any wrongdoing. On Monday the emirate's state media office said its attorney had rejected Shah's appeal against his extradition.
