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Cristiano Ronaldo Accepts £16.5m Fine In Tax Fraud Case

By George Bowden

Cristiano Ronaldo leaves court in Madrid after accepting a deal in an ongoing tax fraud case.

Footballer Cristiano Ronaldo has accepted a fine and suspended jail term for tax fraud in Spain.

The Portugese star signed a deal to settle a case which will cost him a total of 18.8 million euros (£16.5 million).

The 33-year-old Juventus forward is unlikely to serve any time in jail as the sentence was expected to be within a two-year threshold that can be served on probation as a first offence under Spanish law.

In 2017, a state prosecutor accused Ronaldo of four counts of tax fraud from 2011-14 worth 14.7 million euros (£12.9 million).

Ronaldo was accused of having used shell companies outside Spain to hide income made from image rights.

After being questioned for nearly 90 minutes in a Madrid court at the time, the Portuguese player told a judge he never tried to avoid taxes.

The accusations didn’t involve his salary from Real Madrid, his club from 2009 until he joined Italian champion Juventus last year.

Via:: https://www.huffingtonpost.co.uk/entry/cristiano-ronaldo-fine-tax-fraud_uk_5c46eaf3e4b0bfa693c6cc34