At the time of his extradition the Danish taxation minister described the case as "one of the biggest criminal fraud cases in Danish history."
Shah has argued that he exploited a legal loophole and his lawyers have said he will appeal the sentence handed down Thursday.
Shah was convicted in May 2023 in Dubai of running the scheme from 2012 to 2015 in which foreign businesses pretended to own shares in some of Denmark’s largest companies, including pharmaceutical giant Novo Nordisk, shipping company A.P. Moeller, windmill maker Vestas and the Carlsberg brewery. Danish broadcaster DR said the sentence was the country's longest ever for a financial crime.
Shah’s extradition came after eight years of investigation and extradition requests by Denmark. He remains in custody.