Latest News

  • Home
  • Sports
  • Ronaldo avoids jail but hit by hefty fine for tax fraud in Spain
Ronaldo avoids jail but hit by hefty fine for tax fraud in Spain
Wednesday, January 23, 2019 IST
Ronaldo avoids jail but hit by hefty fine for tax fraud in Spain

HIGHLIGHTS
 
*Ronaldo was ordered by a Spanish court to pay 3.57 million euros for committing tax fraud
*The court sentenced him to a two-year jail sentence that it immediately reduced to a fine of 365,000 euros
*Madrid prosecutors opened a probe into Ronaldo in June 2017 and he was questioned in July that same year

 
 

MADRID: Cristiano Ronaldo avoided jail on Tuesday but was ordered by a Spanish court to pay 3.57 million euros ($4.1 million) for committing tax fraud when he was at Real Madrid.
 
The court sentenced him to a two-year jail sentence that it immediately reduced to a fine of 365,000 euros, which adds on to another penalty of 3.2 million euros, the sentence read.
 
A court spokesman said he did not know whether this would be added on to the 18.8 million euros that Ronaldo had agreed to pay Spain's taxman under a deal reached in June with the player's lawyers.
 
Ronaldo, who last year joined Italian champions Juventus, returned to Madrid for a brief court appearance which lasted around 40 minutes as the deal was officially presented to the judge.
 
"I am very well," the five-time Ballon d'Or winner told the crowd of reporters gathered outside of the court in northeastern Madrid as he left the hearing. He signed a few autographs before leaving in a black van.
 
The presiding judge refused the player's request to appear by video or to enter the building by car to avoid the spotlight.
 
Ronaldo, 33, smiled broadly as he arrived at the court dressed in black trousers, a black turtleneck and dark sunglasses, holding hands with his girlfriend Georgina Rodriguez.
 
He had played for Juventus on Monday night, missing a penalty as the Italian league leaders eased past bottom club Chievo 3-0.
 
Madrid prosecutors opened a probe into Ronaldo in June 2017 and he was questioned in July that same year.
 
"I have never hidden anything, nor have I had the intention of evading taxes," he told the court then, according to a statement from the sports agency which represents him, Gestifute.
 
Prosecutors accuse him of having used companies in low-tax foreign jurisdictions - notably the British Virgin Islands and Ireland - to avoid paying the tax due in Spain on payments for his image rights between 2011 and 2014.
 
His lawyers said there had been a difference in interpretation of what was and was not taxable in Spain, and deny any deliberate attempt to evade tax.
 
The deal between Spain's tax authorities and his lawyers allowed Ronaldo to avoid sitting through a long trial that could have damaged his image and seen him handed a heftier sentence.
 
Ronaldo is one of several footballers to have fallen foul of Spain's tax authorities in recent years.
 
Barcelona's Lionel Messi, once Ronaldo's big La Liga rival, paid a two-million-euro fine in 2016 in his own tax wrangle and received a 21-month jail term.

 
 

The prison sentence was later reduced to a further fine of 252,000 euros, equivalent to 400 euros per day of the original term.
 
His former Real Madrid team-mate Xabi Alonso appeared at the same Madrid court on Tuesday on a separate tax evasion charge.
 
Public prosecutors are seeking a five-year jail sentence and a fine of four million euros.
 
The trial was suspended while the court considers whether it has jurisdiction to hear the case.
 
The recent crackdown on high-profile footballers follows the removal of a tax exemption in 2010. Known as the "Beckham law" after former Madrid player David Beckham, it had allowed footballers to curb their taxes.
 
Ronaldo is also facing accusations in the United States where a former American model accused him of raping her in Las Vegas in 2009.
 
Police in the US city recently asked Italian authorities for a DNA sample from the footballer.
 
Ronaldo has always denied the accusations.
 
In a New Year's Eve interview with Portuguese sports daily Record, he said he had a "calm conscience" and was "confident that everything will very soon be clarified".
 

 
 
 
 
 

Related Topics

 
 
 
 

Trending News & Articles

 Article
Forgotten Hero's Series: Khashaba Dadasaheb Jadhav Indian Olympic medalist who never got a Padma Award

Khashaba Dadasaheb Jadhav (Marathi: рд╢реНрд░реА. рдЦрд╛рд╢рд╛рдмрд╛ рджрд╛рджрд╛рд╕рд╛рд╣реЗрдм рдЬрд╛рдзрд╡, January 15, 1926 – August 14, 1984) was an Indian athlete. He is best known as a wrestler who...

Recently posted . 6K views . 60 min read
 

 Article
Remembering VP Sathyan, India's forgotten 'Captain'

There's a scene in the movie 'Captain', a freshly-minted Malayalam biopic on former India defender VP Sathyan, which tries to capture the conflict rag...

Recently posted . 2K views . 1 min read
 

 Article
Virat Kohli Has A Special Message For India U-17 Football Team Ahead Of The World Cup

These are exciting times for Indian football. India is set to host a FIFA World Cup and participate in it for the first time. The under-17 World Cup begins ...

Recently posted . 2K views . 2 min read
 

 Article
Not Virat Kohli, THIS player is the fittest cricketer in the Indian cricket team

Virat Kohli is one of the fittest players in Indian cricket team but he is not the fittest of all.

Recently posted . 2K views . 0 min read
 

 
 

More in Sports

 Article
Watch: Eden Hazard's Breathtaking Solo Goal Sends Twitter Into Meltdown

Eden Hazard himself admitted after the game that solo effort against West Ham was "something special".

Recently posted. 1K views . 0 min read
 

 Article
Lasith Malinga 4 wickets in 4 balls video - How the Sri Lankan scripted history against New Zealand in the 3rd T20I

Sri Lanka vs New Zealand: Lasith Malinga 4 wickets in 4 balls highlights in the 3rd T20I against New Zealand  

Recently posted. 612 views . 0 min read
 

 Article
India's CWG boxing team doctor issued 'written reprimand' in syringe controversy

The CGF Federation Court was satisfied with Patil's explanation for vitamin injection but it ruled that the 'no needle policy' in force at the Games Vil...

Recently posted. 690 views . 1 min read
 

 Video
#SuperSunday Brett Lee in disguise!



Recently posted . 1K views
 

 Photo
The Best Soccer Players in the World



Recently posted . 1K views
 

 Article
Left Vows To Topple Patriarchy By Allowing Biological Males To Dominate Women's Sports

U.S.—Declaring that "the future is female" and that they would "no longer bow to toxic male faux-dominance," Americans on the left of th...

Recently posted. 507 views . 2 min read
 

 Article
FIFA World Cup 2018: France Lift Second Cup After Beating Croatia in Thrilling Final

France won the World Cup for the second time by ending battling Croatia's dream of a first title with a 4-2 victory on Sunday in one of the most entertaining an...

Recently posted. 515 views . 1 min read
 

 
 
 

   Prashnavali

  Thought of the Day

рдкрд░рдорд╛рддреНрдорд╛ рдХреА рдХрд╛рд░реАрдЧрд░реА рддреЛ рджреЗрдЦреЛ рдХрд┐рддрдиреА рдЕрдЬреАрдм рд╣реИ, рд╣рдо рд╕рдм рдХреЛ рдмрдирд╛ рдХрд░ рдЦреБрдж рдЧрд╛рдпрдм рд╣реЛ рдЧрдпрд╛... рдЖрдВрдЦреЗ рдмрдирд╛рдИ рджреЗрдЦрдиреЗ рдХреЗ рд▓рд┐рдпреЗ, рдкрд░ рд╡реЛ рджрд┐рдЦрддрд╛ рдмрдВрдж рдЖрдВрдЦреЛрдВ рд╕реЗ рд╣реИред
Anonymous

Be the first one to comment on this story

Close
Post Comment
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST


ads
Back To Top