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Hedge-fund trader accused in Denmark for fraud now faces charges also in Germany

Sanjay Shah, the founder of hedge-fund Solo Capital Partners LLP, is charged in Germany with money laundering over trades linked to the Cum-Ex tax scandal. The indictment is linked to a DKK 9.6bn (USD 1.5 bn) tax probe in Denmark, where Shah already faces criminal charges.

Sanjay Shah and six others were indicted by Hamburg prosecutors, Liddy Oechtering, a spokeswoman for the authority, said. | Photo: PR Hamburg prosecutor's office.

Sanjay Shah, the founder of hedge-fund Solo Capital Partners LLP, was charged in Germany with money laundering over trades linked to the Cum-Ex tax scandal.

Shah and six others were indicted by Hamburg prosecutors, Liddy Oechtering, a spokeswoman for the authority, said on Monday. Shah is charged with 55 counts of money laundering, she said.

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