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: श्री. खाशाबा दादासाहेब जाधव, 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
India vs Bangladesh, Day 2 – Kohli, Rahane bring up 150-run partnership for 4th wicket

At the end of Day 1, India India were 356/3 after skipper Virat Kohli won the toss and chose to bat first. Live commentary and score from Day 2 of the one-o...

Recently posted. 799 views . 41 min read
 

 Article
Barcelona know when quiet captain Messi is angry, says Abidal

Diego Maradona suggested the star player lacked the traits required to captain the national team, but the Catalan side's director disagrees

Recently posted. 644 views . 1 min read
 

 Article
Body found underwater in wreckage of footballer Sala's plane

HIGHLIGHTS   *British investigators said on Monday they had spotted a body in the wreckage of...

Recently posted. 562 views . 3 min read
 

 Video
10 Cute Animals That Can Actually Kill You



Recently posted . 1K views
 

 Video
What is this 'Yo-Yo Test' #AakashVani



Recently posted . 1K views
 

 Article
The Most Popular Sports In The World

​It is estimated that more than half of the global population consider themselves association football (soccer) followers.

Recently posted. 740 views . 0 min read
 

 Article
Why the BCCI’s retirement policy is flawed

The BCCI is retiring its Anti-Corruption Unit chief Neeraj Kumar and anti-doping unit veteran Vece Paes but its administrators have not been transparent in some cas...

Recently posted. 552 views . 1 min read
 

 
 
 

   Prashnavali

  Thought of the Day

Live This Moment With A Smile , It Brings Cheer.
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