British Trader Sanjay Shah Detained in Denmark for Tax Fraud Case

Shah, extradited from the UAE, is the main suspect in a 'cum-ex' trading scheme that allegedly cost Denmark over $1.84 billion.

British hedge fund trader Sanjay Shah has been extradited from the United Arab Emirates to Denmark to face trial for a tax fraud case.
Shah is the main suspect in a 'cum-ex' trading scheme that allegedly cost the Danish state more than 12.7 billion crowns ($1.84 billion).
Shah was ordered to remain in pre-trial custody until January 3 due to being considered a flight risk.
The case, which has been postponed three times awaiting Shah's extradition, is scheduled to begin on January 8.
Shah, who was arrested in Dubai last year, arrived in Denmark on Wednesday.