Two traders have been extradited to Denmark to stand trial in the latest crackdown on a Cum-Ex scheme that cost the state billions of kroner.
The pair were handed over by the United Arab Emirates to face charges that they defrauded the Danish treasury of more than 300 million kroner ($47 million), police said in a statement.
The two were named as Rajen Ranmal Shah and Anupe Dhorajiwala, news wire Ritzau reported, citing the indictment. They are charged with serious fraud for allegedly filing 71 unlawful applications for dividend tax refunds in 2013 and 2014.
Both have denied the ...
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