A new Santa Claus character is making waves on social media for its uncanny resemblance to a certain fugitive businessperson.

“Spending like I stole it,” says one shopping bag featuring the character, while a shop sign beckoned shoppers to “Gift it like a Saudi Prince!”

The bespectacled and stout cartoon character – dressed in either a Santa costume or in a striped prison uniform – is featured on various items sold by the retailer Apom in Bangsar...