The Danish investigative authorities have announced the confiscation of a multi-million-pound property owned by a Dubai-based Indian-origin tycoon in central London over alleged tax fraud.
Sanjay Shah denies any wrongdoing and his spokesperson described Monday's announcement as odd because his assets had been frozen by the Danish tax authority over a year ago.
"Sanjay continues to protest for his innocence and repeats that he received two separate legal opinions that the cum-ex trades were legal," his spokesperson Jack Irvine said.
"Sanjay's assets were frozen over a year ago by the Danish tax authority, SKAT. It seems odd that Soik [state prosecutors] now make another announcement. The left hand doesn't know what the right hand is doing," Mr Irvine said.
While the Danish authorities have not identified him by name, Denmark's State Prosecutor for Serious Economic and International Crime said the announcement this week followed the UK authorities confirming that the seizure had been accomplished.
"The seizure of the British property in London was enabled by the investigative effort conducted by the State Prosecutor for Serious Economic and International Crime in the end of 2019," said a statement from Demark's State Prosecutor for Serious Economic and International Crime.
"Subsequently, the prosecutors in this department presented the pieces of evidence to the Danish court, who approved the confiscation. Now, the English authorities have finally confirmed that the seizure has been accomplished, and the assets have been secured in London," the statement said.
The Danish tax authority claims it was deceived into paying multiple refunds as a result of a fraudulent scheme linked with Sanjay Shah, a London-born businessman who lives in Dubai.
Germany Weather Storm To Reach Euro 2024 Quarter-Finals Euro 2024: Germany vs Denmark Round Of 16 Tie Halted. Here's The Reason Germany vs Denmark Live Streaming Euro 2024 Round Of 16 Live Telecast: When And Where To Watch "In Best Interest...": Biden Bows Out Of US Presidential Race Joe Biden Endorses Kamala Harris As Democratic Party's Presidential Nominee The Biden Bombshell: A Plot Twist That Roils Trump Too Netanyahu To Send Team For New Talks To Free Hostages Held In Gaza Joe Biden: Stubborn President Who Fought A Battle Too Far Anna University Invites Applications For Top Online Master's Degree Programs Track Latest News Live on NDTV.com and get news updates from India and around the world.