Cristiano Ronaldo formally accused of €14million tax fraud

Nick Mcbride
June 14, 2017

"There has never been any hiding nor any intention to hide anything".

The regional state prosecutor in the Spanish capital Madrid accused football superstar Cristiano Ronaldo of tax fraud.

Additionally, the prosecutor accused Ronaldo of declaring 11.5 million euros ($12.8 million) earned from 2011-14 in a tax return filed in 2014, when the prosecutor said Ronaldo's real income during that period was nearly 43 million euros ($48 million).

The prosecution said that ceding the rights at first to Tollin was "completely unnecessary", unless the intent was to set up a shell company as a vehicle to defraud taxes.

Gestifute further added that they would publish all the documents required to prove that Ronaldo is innocent and had insisted that the ace player owned that business since his time at Manchester United that both British and Spanish tax authorities had been aware of.

"Neither Cristiano Ronaldo nor Jose Mourinho has ever been involved in legal proceedings regarding the commission of a tax offence".

Ronaldo is the best paid athlete in the world, according to a report last week by Forbes magazine, which estimated that he earned $93 million over the past 12 months.

Ronaldo has been accused of using offshore accounts to avoid paying taxes.

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Ronaldo's representatives have so far not been available for comment.

This is said to had greatly reduced his tax rate.

Messi was handed a 21-month suspended jail sentence past year after being found guilty of similar offences, while his Barcelona teammate Neymar will face trial over alleged irregularities in his 2013 transfer from Brazilian club Santos.

Lionel Messi of FC Barcelona dribbles the ball between Mateo Kovacic, Cristiano Ronaldo and Luka Modric (R) of Real Madrid CF during the La Liga match between FC Barcelona and Real Madrid CF at Camp Nou stadium on December 3, 2016 in Barcelona, Spain.

In Spain, tax fraud is punishable by up to five years in prison. The Portuguese forward scored 42 goals in all competitions this season, including two in the Champions League final as Real became the first team to retain the title.

On Tuesday, the state prosecutor cited the verdict against Messi as precedent for the case against Ronaldo.

The economic crime arm of Madrid's Provincial Prosecutor's Office filed a complaint on Tuesday against the Portugal worldwide for allegedly committing four crimes between 2011 and 2014.

Other reports by VgToday

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