Cristiano Ronaldo, the world’s highest paid athlete according to Forbes magazine and the world’s famous soccer player has been accused of tax evasion of 14.7 million euros ($16.5 million) from 2011 to 2014.
Spanish prosecutors have accused the Real Madrid footballer Cristiano Ronaldo of defrauding the government authorities of millions of euros in unpaid taxes on Tuesday June 13th, 2017.
Will Cristiano Ronaldo go to jail for tax fraud?
If convicted on all charges, Cristiano Ronaldo could get a 3 year prison term for tax evasion in Spain. If he is found guilty, he risks “a fine of at least 28 million” euros ($31.3 million) and could potentially be jailed for three-and-a-half years, the Gestha union of experts at Spain’s Inland Revenue said in a statement.
Spanish prosecutors on Tuesday accused him of tax fraud through setting up offshore companies based in the British Virgin Islands.
However, it’s unlikely he will serve a single minute behind bars as he is a first time non-violent offender.
What charges is Cristiano Ronaldo accused of?
Cristiano Ronaldo is accused of “four crimes against the public treasury between 2011-14, which involves tax fraud of 14,768,897 euros ($16.5m, £12.9m).
How much did Cristiano Ronaldo make in 2016?
Cristiano Ronaldo made $56 million in 2016 in salary and bonuses from Real Madrid. He is contracted to make over $50 million through the 2017-2018 season, according to Forbes.
The world’s highest-paid sports star had previously said he was not worried about tax investigations as he had nothing to hide.