Sanjay Shah, already sentenced to 12 years in prison in Denmark for a multi-billion krone fraud, will not face prosecution in Germany for money laundering. This decision stems from the fact that he has already been convicted of the crime in Denmark.

Shah had been accused in Germany of laundering 330 million euros (approximately 2.5 billion kroner). These funds allegedly originated from the fraudulent activity in Denmark, where he was convicted of defrauding the tax authorities of nine billion kroner through unjustified dividend tax refunds.

According to Shah’s German lawyer, Björn Gercke, the court ruled against a trial in Germany because of the existing conviction in Denmark. “You cannot be punished for the same crime twice,” Gercke stated.

The Court in Glostrup sentenced Shah in December to 12 years, the harshest sentence for financial crime in Denmark. The court found that Shah played a central role in the fraud, orchestrating a financial scheme that defrauded the Danish tax authorities of over nine billion kroner.

While Shah denies guilt, claiming he merely exploited a loophole in the law, he remains in custody in Denmark and has appealed his sentence. His appeal is scheduled to begin in November 2026, with a decision expected in May 2027. Shah still faces another case in Germany related to dividend fraud but is not directly connected to the Danish case.