British multi-millionaire, 52, arrested in Dubai after being accused of £1.3bn Danish tax fraud 

A British man wanted in Denmark over a 1.7 billion dollar (£1.3 billion) tax scheme, one of the country’s largest-ever fraud cases, has been arrested in Dubai and is set to be extradited.

The arrest of hedge fund trader Sanjay Shah came after Danish officials signed an agreement in March allowing for extradition between the United Arab Emirates and Denmark.

Shah has maintained his innocence in interviews with journalists while living in Dubai over the last few years on the city-state’s…