Published: Mon, June 19, 2017
Sport | By Wendy Sparks

Cristiano Ronaldo Accused Of Being A Serious Tax Cheat

According to the prosecutor, a "shell company" in the Virgin Islands was used to hide Ronaldo's total earnings from the Spanish tax office.

"The Public Prosecutor has filed today a complaint against Cristiano Ronaldo and not a claim, which implies a substantial change", the statement on the company's official website read.

The Portuguese athlete, who plays for Spanish side Real Madrid, stands accused of trying to avoid paying more than $16 million in taxes between 2011 and 2014.

"There is no tax evasion scheme".

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As the tax fraud cases against Barcelona's star duo #Lionel Messi and Neymar Junior continue, Real Madrid and Portugal star #Cristiano Ronaldo now finds himself in the eye of a tax storm.

Barcelona forward Lionel Messi was convicted of tax fraud for unpaid income from image rights past year, but he is not expected to serve prison time since it was his first offense. [Cristiano Ronaldo has never] had a tax problem, contrary to what the Spanish prosecutors insinuate.

"The charges come months after Spanish newspaper El Mundo published leaked documents revealing details of the offshore holdings of several soccer players, including Ronaldo", Panja writes.

"Real Madrid C.F. are absolutely convinced that our player, Cristiano Ronaldo, will prove his total innocence in this process".

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Ronaldo's representatives did not respond immediately to a request for comment. The prison term is expected to be suspended as is common in Spain for first offences for non-violent crimes carrying a sentence of less than two years.

The income related to Messi's image rights that was hidden includes endorsement deals with Danone, Adidas, Pepsi- Cola, Procter & Gamble and the Kuwait Food Company.

Ronaldo, 32, a four-time Ballon d'Or victor, is not the first high-profile footballer to find himself the target of legal action by the Spanish tax authorities. Earlier this month, he helped Real Madrid to their second-straight Champions League title.

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