A United Arab Emirates judge on Monday rejected the extradition to Denmark of Briton Sanjay Shah, the main suspect in a Danish dividend tax fraud case, a lawyer representing Shah told Reuters.
Danish authorities had requested the extradition of Shah, who was arrested in Dubai in June, for prosecution over his alleged involvement in a sham trading scheme to make double tax reclaims - known as "cum-ex" trading.
He is suspected of running a scheme that involved submitting applications to the Danish Treasury on behalf of investors and companies from around the world for dividend tax refunds worth more than 9 billion Danish crowns ($1.23 billion).
Reuters was not immediately able to reach Shah's spokesperson for a comment. He has previously denied any wrongdoing.
It was not immediately clear why the extradition was rejected.
The public prosecution could appeal that decision within 30 days, Shah's lawyer Ali Al Zarooni said. There was no immediate comment by UAE authorities or the Danish Justice Ministry on the court ruling.
Damian Talbot
Nirmala Sitharaman speaks at the India-UK Investor Roundtable in London last Wednesday (9). On the panel were India’s department of economic affairs secretary Ajay Seth and Kotak Mahindra Bank founder Uday Kotak
Sitharaman with Sir Keir Starmer and Rachel Reeves
Sitharaman with Jonathan Reynolds 
Sitharaman with Reynolds, Alastair King, India’s high commissioner Vikram Doraiswami and other delegates