Officials in Dubai say Thailand has extradited a British man accused of fraud in the United Arab Emirates.

The state news agency WAM reported Sunday that Michael Bryan Smith was extradited from Thailand on June 7, and is now in custody in Dubai.

Smith is wanted by the emirate on charges of embezzling $150 million dollars from the Dubai World Group.

The 43-year-old Briton was arrested in Bangkok in May 2009, after eight months on the run. A Thai court agreed to extradite him in February of last year.

He faces charges of corruption, breach of trust and theft.

The ruling could have implications for the former Thai prime minister, Thaksin Shinawatra, who is believed to live in Dubai. Mr. Thaksin was convicted on corruption charges in his country in 2008 and sentenced to two years in prison. He fled Thailand before the trial, claiming that the charges were politically motivated.

The United Arab Emirates and Thailand have not signed an extradition treaty.