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Hedge-Fund Trader Facing Danish Cum-Ex Charges Arrested in Dubai

June 3, 2022, 11:40 AM

Hedge-fund trader Sanjay Shah was arrested in Dubai this week for possible extradition to Denmark, where Shah faces charges in connection with a $1.9 billion cum-ex case, the government said.

“We will push for an extradition as soon as possible,” Danish Foreign Minister Jeppe Kofod said in a tweet on Friday. The Danish broadcaster DR reported that a local judge will soon decide if Shah is to be handed over to Danish authorities.

Danish prosecutors have alleged that Shah was the mastermind behind a scam involving a global network of bankers, lawyers and agents who illegally sought refunds on dividend ...