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Cristiano Ronaldo charged with defrauding Spanish authorities of 14.7 million Euros

Cristiano Ronaldo charged with defrauding Spanish authorities of 14.7 million Euros

Gestifute said the company, Tollin, does not amount to an offshore structure for evading taxes and was established in 2004 when Ronaldo signed for Manchester United. "There has never been concealment, or the slightest intention to hide".

Ronaldo is accused of four crimes against the Public Treasury committed between 2011 and 2014 and which involve a tax fraud of 14,768,897 euros.

The football legend allegedly defrauded Spanish authorities of €14.7m (£12.9m, $16.4m) between 2011 and 2014 after failing to declare earnings related to his image rights.

The prosecutor also said that he "intentionally" 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.

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

Soccer star Cristiano Ronaldo is facing criminal charges in Spain amid allegations of tax evasion.

There had been reports that tax officials were looking into Ronaldo for months.

"This communication, which was not required by law, constitutes irrefutable proof that Cristiano Ronaldo and his representatives are in good faith, and cooperate with the authorities in a spirit of transparency and compliance with legality", the agency Gestifute said.

Tollin Associates then gave up his image rights to a company in Ireland called Multisports&Image Management Ltd. Earlier this month, he helped Real Madrid to their second-straight Champions League title. This, of course, unlikely to happen as he is a first-time non-violent offender.

Accusations of tax fraud have dogged many of Spain's top players, including Lionel Messi. The tax evasion relates to a three-year period starting in 2011.

The prosecutor's office filed the lawsuit against Ronaldo yesterday to a court in the Madrid district of Pozuelo de Alarcon. The case is still in its initial stages and it will take a long time before they come to a decision but Ronaldo and his entourage seems confident that he is innocent.


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