Hedge-Fund Trader Shah Can be Tried in Germany Over Tax Scandal
- Hamburg court allows money-laundering charges to proceed
- Shah is in custody in Dubai and is also sought by Denmark
Sanjay Shah
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Sanjay Shah, the hedge-fund founder wanted by Denmark for allegedly masterminding a $2 billion Cum-Ex tax fraud scheme, can also be tried in Germany, a local court ruled.
A case against Shah, who is currently locked up in a Dubai jail, and six others can go to trial, a spokesman for the Hamburg Regional Court said Thursday, without giving further details. Sueddeutsche Zeitung reported the ruling earlier.