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Tue, Apr

Cristiano Ronaldo

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Portugal and Real Madrid football star, Cristiano Ronaldo, has been accused of defrauding Spanish Tax authorities of 14.7m euros in unpaid taxes.
Ronaldo had previously denied allegations pertaining to tax fraud made against him in December saying he has nothing to fear.

Portugal and Real Madrid football star, Cristiano Ronaldo, has been accused of defrauding Spanish Tax authorities of 14.7m euros in unpaid taxes.

A statement by the prosecutor's office said Ronaldo had knowingly used a "business structure" created in 2010 to hide his income from his image rights in Spain.

According to the statement, the lawsuit is based on a report sent to the prosecutor's office from Spain's tax agency.

The report alleged that Ronaldo knowingly hid income earned through image rights by taking advantage of a business structure designed to mask generated income.

The four-time Ballon d’Or winner is specifically accused of defrauding Spanish authorities of 14.7m euros between 2011 and 2014. They also accuse him of "voluntarily" refusing to include 28.4m euros in income linked to the sale of his image rights for the 2015 to 2020 period to a Spanish company.

Ronaldo had previously denied allegations pertaining to tax fraud made against him in December saying he has nothing to fear.

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