Cristiano Ronaldo accepts two year prison sentence for tax evasion ahead of Portugal vs Spain in FIFA World Cup 2018

By: |
New Delhi | June 15, 2018 7:45 PM

Real Madrid forward Cristiano Ronaldo has reached a deal with the Spanish tax authorities to serve two years in prison and pay a 18.8 million euro ($21.8 million) fine in a tax evasion case

Ronaldo is unlikely to serve any time in jail under the deal because Spanish law states that a sentence of under two years for a first offence can be served on probation. (Reuters)

Real Madrid forward Cristiano Ronaldo has reached a deal with the Spanish tax authorities to serve two years in prison and pay a 18.8 million euro ($21.8 million) fine in a tax evasion case, newspaper El Mundo reported on Friday. Ronaldo is unlikely to serve any time in jail under the deal because Spanish law states that a sentence of under two years for a first offence can be served on probation. The 33-year-old Portuguese footballer, who is accused of evading 14.7 million euros in taxes, has denied all the allegations through his agents. ($1 = 0.8622 euros).

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1As the curtain falls on the IPL 2021, there’s a lesson for BCCI to learn
2Star may take a big hit as IPL called off
3After IPL postponement, T20 World Cup set for UAE shift with 3rd wave expected in Nov