Hedge Fund Founder’s Cum-Ex Money Laundering Charges Dropped (1)

German money laundering charges against hedge fund founder Sanjay Shah in a €330 million ($374 million) case were dropped after his conviction in a similar Danish prosecution.

A Hamburg court agreed to throw out the case with a view to the Danish proceedings, Shah’s German lawyer Björn Gercke said in an interview. Shah is also facing a fresh set of separate Cum-Ex charges from Cologne prosecutors which aren’t affected by the decision.

Shah was sentenced to 12 years in a Danish prison in December after he was found guilty for his part in a 9 billion kroner ($1.37 billion) tax ...