Sanjay Shah, already convicted in Denmark for a multi-billion-dollar fraud, will not face prosecution in Germany for related money laundering charges. His German lawyer, Björn Gercke, confirmed this information.

Shah had been charged in Germany with laundering 330 million euros, which is approximately 2.5 billion kroner, stemming from the Danish fraud case. In Denmark, he received a 12-year prison sentence for defrauding tax authorities of nine billion kroner through unjustified dividend tax refunds.

The German court’s decision rests on the principle that an individual cannot be punished twice for the same crime. Gercke explained this legal basis.

Shah still faces charges in Germany related to another case involving dividend fraud.

The Glostrup Court initially sentenced Shah in December. He remains in custody in Denmark and has appealed his sentence to the Eastern High Court. A ruling on his appeal is not expected before May 2027.