US EditionGerman Court Drops Money Laundering Charges Against Solo Capital Founder Shah
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3 Articles
The most prominent defendant in the Cum-ex scandal at the Hamburg Regional Court, the British stock exchange dealer Sanjay Shah, will no longer have to answer to the court for the suspicion of money laundering.
Ronny Pessanha of Oliveira, ex-integrant of the Bope, was held under the charge of training traffickers by a amount of R$ 1,500 per hour, in addition to carrying out money-laundering through a security company that worked as a façade. Known for its luxurious life-style in social networks, he was arrested during the Operation Contention, but was released after payment. The ex-political, who was expelled from the corporation due to suspicion of in…
German court drops money laundering charges against Solo Capital Founder Shah
A German court has dropped money laundering charges against Sanjay Shah – founder of defunct hedge fund Solo Capital Partners – in connection with a €330m ($374m) Cum-Ex tax fraud case, citing his conviction in a parallel Danish prosecution, according to a report by Bloomberg. The Hamburg Regional Court ruled that the case against Shah would not proceed due to the overlapping legal proceedings in Denmark, where Shah was sentenced to 12 years in …
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