According to the verdict, he designed and carried out a financial maneuver where the Danish tax authorities were deceived into paying out over nine billion Danish kroner, equivalent to nearly 14 billion Swedish kronor, to a group of companies controlled by Shah.
In addition to the prison sentence, more than seven billion Danish kroner will be confiscated from him. He will also be deported from the country once the sentence has been served.
Sanjay Shah has appealed the verdict and wants to be acquitted or receive a milder sentence, according to his lawyer.
The financier was arrested in the United Arab Emirates in 2022 at Denmark's request. The arrest was possible after an extradition agreement was signed between the two countries.
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