Spain s Treasury agrees to $22.3 million deal with Ronaldo over tax fraud
Thursday - July 26, 2018 9:56 pm ,
Category : SPORTS
Spain s Treasury agrees to $22.3 million deal with Ronaldo over tax fraud
Madrid July 26 (IANS) Spain s tax agency on Thursday approved an agreement reached between Cristiano Ronaldo the Public Prosecutor and State lawyers through which the football star is to pay a fine of almost 19 million euros ($22.3) and be sentenced to two years in prison which would be suspended.
Ronaldo who will reside in Italy as a Juventus player will not enter prison in exchange for pleading guilty to four cases of tax fraud reports Efe.
The agreement reached between tax authorities and the player s lawyers was pending the Treasury s approval as it had been the body that brought charges against Ronaldo.
The Portugal star was charged on four counts of tax fraud between 2011-2014 amounting to 14.8 million euros ($17.3 million).
The amounts allegedly defrauded were 1.39 million euros ($1.62 million) in 2011 1.66m euros ($1.93 million) in 2012 3.2m euros ($3.72 million) in 2013 and 8.5m euros ($9.90 million) in 2014.
The final agreement reduces the amount defrauded to 5.7 million euros ($6.6 million) to which fines and interest must be added totalling almost 19 million euros ($22 million).
Sources consulted by Efe said that Ronaldo would also carry the legal costs of the cases.
Spain s Treasury and Prosecutor still consider that Ronaldo should be handed down a prison sentence because even if he does not have to serve time he would have a criminal record which would act as a deterrent toward re-offending at that time.
--IANS tri/bg
Ronaldo who will reside in Italy as a Juventus player will not enter prison in exchange for pleading guilty to four cases of tax fraud reports Efe.
The agreement reached between tax authorities and the player s lawyers was pending the Treasury s approval as it had been the body that brought charges against Ronaldo.
The Portugal star was charged on four counts of tax fraud between 2011-2014 amounting to 14.8 million euros ($17.3 million).
The amounts allegedly defrauded were 1.39 million euros ($1.62 million) in 2011 1.66m euros ($1.93 million) in 2012 3.2m euros ($3.72 million) in 2013 and 8.5m euros ($9.90 million) in 2014.
The final agreement reduces the amount defrauded to 5.7 million euros ($6.6 million) to which fines and interest must be added totalling almost 19 million euros ($22 million).
Sources consulted by Efe said that Ronaldo would also carry the legal costs of the cases.
Spain s Treasury and Prosecutor still consider that Ronaldo should be handed down a prison sentence because even if he does not have to serve time he would have a criminal record which would act as a deterrent toward re-offending at that time.
--IANS tri/bg
