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Take peeled, deveined shrimp and soak in a bowl of cold water with 1 Tbsp. salt for 30 minutes.
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Remove, dry and chop to the size of coarse salt. Beat the eggs in a bowl.
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Add 2 Tbsp. horseradish, 2 of the sliced scallions, milk, baking powder, paprika, salt and pepper.
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Mix well and then add the flour. Mix well and chill covered for 1 hour.
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Heat oil in pot to 350-360º. Add 1-2 Tbsp. sized dollops of batter to oil and continue to do so until golden brown. Remove to paper towel and place on platter.
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To make the sauce, just add all the remaining ingredients including the other Tbsp. horseradish together and put in small dish in center of platter.