Tax fraud case in Dubai: Sanjay Shah, partners ordered to return Dh4.6 billion to Danish authorities

British businessman and investor Sanjay Shah.

PHOTO BY ARCHIVE

Tax fraud case in Dubai: Sanjay Shah, partners ordered to return Dh4.6 billion

British businessman Sanjay Shah and his partners were ordered to return Dh4.6 billion to Danish Customs and Tax Administration (DCTA) after being convicted of tax fraud.

The Dubai Court of Cassation gave its final verdict in the legal battle that stretched for nearly five years. Shah was convicted of the largest tax fraud in the history of Denmark.

The Dubai top court also ordered that Shah and his partners pay a five percent interest on top of the Dh4.6 billion that needs to be repaid.

An investigation revealed that Shah and his accomplices set up a number of companies in whose accounts the illegal tax refunds totalling Dh4.6 billion were deposited.

A DCTA representative in Dubai hailed the court’s final verdict, saying it “confirms beyond any doubt the serious and solid position of the UAE judiciary against any financial violations”.

The case dates back to 2018 when the DCTA sued Shah for tax fraud, saying that he submitted fake documents to help foreign businesses illegally obtain tax refunds in Denmark.

Shah, who lived on the Palm Jumeirah, was arrested in Dubai’s Al Rafaa district last year. He denied the charges against him. ICA/Expat Media

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