An Emirati court has ruled a British man suspected of masterminding a $US1.7 billion ($A2.5 billion) tax scheme cannot be extradited to Denmark to face charges.
The decision in the high-profile case grants the hedge fund trader, Sanjay Shah, a victory against Danish authorities who sought him for his role in one of the country's largest fraud cases.
Monday's court ruling, delivered in a brief hearing without explanation, can be appealed by prosecutors.
The elaborate scheme, which ran for three years beginning in 2012, allegedly involved foreign businesses pretending to own shares in Danish companies and claiming tax refunds for which they were not eligible.
The 52-year-old financier has maintained his innocence in past interviews with journalists but never appeared in Denmark to answer accusations.
Shah's lifestyle on Dubai's luxurious palm-shaped island over the past few years had sparked outrage in Denmark. After the countries signed an extradition treaty, Dubai police arrested Shah in June.
During his time in Dubai, the hedge fund manager ran a centre for autistic children that shut down in 2020 as Denmark tried to extradite him. He also oversaw a British-based charity, Autism Rocks, which raised funds through concerts and performances.
His arrest comes as pressure grows on Dubai, the region's financial hub, over its alleged weaknesses in combating illicit finance.
The UAE, a federation of seven sheikhdoms, has long invited the wealthy, including fugitives and disgraced public figures, to invest in the country without questioning where they made their money.