(FILES) In this file photo taken on December 6, 2023 Dubai-based British-Indian businessman Sanjay Shah arrives at the Kastrup Airport in Copenhagen, Denmark. A Danish court on December 12, 2024 sentenced British hedge fund trader Sanjay Shah to 12 years in prison for defrauding Danish tax authorities out of hundreds of millions of dollars. Shah, who denied the charges, was convicted of running a nine-billion-krone (USD 1.27 billion) scam that enabled companies he controlled to fraudulently claim Danish tax refunds between 2012 and 2015. The court also ordered that Shah be deported from Denmark on completion of his sentence, and that assets worth 7.2 billion kroner be confiscated. Shah wished reporters a "Merry Christmas" as he showed up to court wearing a Santa hat, before receiving the harshest sentence ever handed out in Denmark for financial crimes, broadcaster DR reported. (Photo by Mads Claus Rasmussen / Ritzau Scanpix / AFP) / Denmark OUT (Photo by MADS CLAUS RASMUSSEN/Ritzau Scanpix/AFP via Getty Images)