UAE Arrests Shah on Danish Extradition Warrant for Cum-Ex Dividend Fraud Charges

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Friday, June 10, 2022
Bruce Zagaris

On June 3, the Danish Ministry of Justice announced that police in Dubai have arrested Sanjay Shah, one of the suspected perpetrators in the cum-ex dividend fraud case on a Danish extradition warrant.  The arrest follows close collaboration between Denmark and the UAE. [1]   In particular, in March 2022, the UAE and Denmark concluded both a mutual legal assistance treaty and an extradition treaty.[2]

[1]    Danish Ministry of Justice, Dubai police have arrested a suspected perpetrator in the dividend case, June 3, 2022.

[2]    Danish Ministry of Justice, The Minister of Justice signs extradition agreement between Denmark and the United Arab Emirates, Mar. 17, 2022.