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31 Jul 2017

BREAKING: Cristiano Ronaldo Going to Jail? Real Madrid Star Arrives in Court Over Tax Fraud

Real Madrid forward, Cristiano Ronaldo, accused of evading 14.7 million euros ($17.3 million) in taxes, arrived at the Pozuelo de Alarcon court on Monday to testify.
Police and media stand waiting for the arrival of Ronaldo to appear at a court in Madrid, this morning
32-year-old Real Madrid superstar, Cristiano Ronaldo, has arrived at a Spanish court to face a judge as part of a probe to determine whether he committed tax fraud.
The Portugal international arrived at Pozuelo de Alarcon Court No. 1 in the outskirts of Madrid on Monday about half an hour before he was to appear at 11.30am local time.
The session with the investigating judge is closed to the public. Ronaldo used an alternative entrance to avoid a large swarm of journalists gathered near the main door to the court, according to court officials.
A car believed to be carrying Ronaldo entered a back door garage
According to Dailymail, the judge will take Ronaldo's testimony as part of an investigation to determine if there are grounds to charge him.
In June, a state prosecutor accused Ronaldo of four counts of tax fraud from 2011-14 worth 14.7 million euros ($16.5 million).
The prosecutor accused the Portugal forward of having used shell companies outside Spain to hide income made from image rights. The accusation does not involve his salary from Real Madrid.
Ronaldo has denied any wrongdoing.
The prosecutor alleged that Ronaldo used what the prosecutor deemed a shell company in the Virgin Islands to 'create a screen in order to hide his total income from Spain's Tax Office.'
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 almost 43 million euros ($48 million). It added that Ronaldo falsely claimed the income as coming from real estate, which 'greatly' reduced his tax rate.
The prosecutor also said that Ronaldo did not declare income of 28.4 million euros ($31.8 million) made from the cession of image rights from 2015-20 to another company located in Spain.
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Item Reviewed: BREAKING: Cristiano Ronaldo Going to Jail? Real Madrid Star Arrives in Court Over Tax Fraud Rating: 5 Reviewed By: Link Naija