A British man accused by Denmark of a $1.7bn tax fraud has been ordered by Dubai Court of Appeal to pay Copenhagen's tax authority $1.25bn, according to an Associated Press report citing court filings seen on 16 September.
The Danish tax authority, Skattestyrelsen, had filed the civil case against Shah in 2018 through a local Dubai law firm.
Only days previously (12 September), another Dubai court refused Denmark's request to extradite British hedge fund trader Sanjay Shah over the alleged fraud.
The court had requested on 9 September that authorities submit the necessary documentation for the extradition, But lawyer Ali Al Zarouni, representing Shah, told The National that he believed it was unlikely Danish authorities would be successful with the extradition.
Danish officials signed an agreement in March this year allowing for extradition between the United Arab Emirates and Denmark.
