Cristiano Ronaldo Accused Of 14.7 Million Euro Tax Evasion

Agencies
June 13, 2017

Madrid, Jun 13: Real Madrid star Cristiano Ronaldo was on Tuesday accused of a 14.7 million euro tax evasion through offshore companies, the public prosecutor's office in Madrid announced.

ronaldo

The Portuguese footballer was accused of "four crimes against the public treasury between 2011-14... which involves tax fraud of 14,768,897 euros ($16.5m, £12.9m)", the office said in a statement.

"The accused took advantage of a company structure created in 2010 to hide income generated in Spain from his image rights from tax authorities, which is a 'voluntary' and 'conscious' breach of his fiscal obligations in Spain," it said.

Prosecutors accuse the 32-year-old Portugal forward, who is the world's highest-paid athlete according to Forbes magazine, of evading tax via two companies based in the British Virgin Islands and Ireland. Ronaldo is the latest football star to fall foul of Spanish tax authorities.

Argentina international and Barcelona forward Lionel Messi was sentenced to a 21-month jail sentence and 2.09-million-euro fine last year for tax fraud. The prison term will likely be suspended as is common in Spain for first offences for non-violent crimes carrying a sentence of less than two years.

The 29-year-old and his father Jorge Horacio Messi were found guilty of using companies in Belize, Britain, Switzerland and Uruguay to avoid paying taxes on 4.16 million euros of Messi's income earned from his image rights from 2007-09.

The income related to Messi's image rights that was hidden includes endorsement deals with Danone, Adidas, Pepsi-Cola, Procter & Gamble and the Kuwait Food Company.

Meanwhile, Barca's Argentine defender Javier Mascherano also agreed a one-year suspended sentence with authorities for tax fraud last year.

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Agencies
January 25,2020

Headingley, Jan 25: England have become the first team in the world to score 500,000 runs in Test cricket. They achieved the feat during the ongoing fourth and final Test against South Africa being played at The Wanderers.

On Friday - the opening day of the Test match -- England captain Joe Root's single through the covers took the Three Lions to a landmark 500,000 run-mark in the longest format of the game. They achieved the feat in their 1022nd Test match.

Australia comes second in the list, with 432,706 runs in 830 Tests. India, meanwhile, are third, with 273,518 runs in 540 Tests, followed by West Indies (270,441 runs in 545 Tests).

In the third Test played at St George's Park in Port Elizabeth, England had become the first team to play 500 Test matches on foreign soil. Australia are the second team to play the most away Test with 404 matches they have played so far.

India have played 268 Tests on foreign soil in which they have won 51, lost 113 and 104 have ended in a draw.

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News Network
June 24,2020

New Delhi, Jun 24: Star Bangladesh all-rounder Shakib Al Hasan deeply regrets his "silly mistake" of not reporting a corrupt approach by an Indian bookie to the ICC, leading to his one year suspension from the game.

Shakib was banned for two years, one year of it suspended, for failing to report corrupt approaches during an IPL edition by an alleged Indian bookie named Deepak Aggarwal.

"I took the approaches too casually When I met the anti-corruption guy and told them and they knew everything. Gave them all the evidence and they knew everything that happened," Shakib told Harsha Bhogle on 'Cricbuzz in Conversation'.

"To be honest, that's the only reason I was banned for a year, otherwise I'd have been banned for five or 10 years," he added on the ICC's investigation.

The 33-year-old, who was in brilliant form before the ban, amassing 606 runs in the 2019 World Cup in the UK, said he regrets how he went about the situation.

"But I think that was a silly mistake I made. Because with my experience and the amount of international matches I've played and the amount of ICC's anti-corruption code of conduct classes I took, I shouldn't have made that decision, to be honest."

Lesson learnt, Shakib's advice to all young criceters is to never take any such message lightly.

"I regret that. No one should take such messages or calls (from bookies) lightly or leave it away. We must inform the ICC ACSU guy to be on the safe side and that's the lesson I learnt, and I think I learnt a big lesson," he added.

The all-rounder, whose ban ends on October 29, said he became a bit arrogant and never felt he was doing anything wrong by not reporting the bookie's approach immediately.

"Because you do most things right in your life, you tend to get arrogant with some decisions. You may not realise but you're doing wrong by the books. It never came to my mind that I am doing something wrong

"It was just a feeling of 'okay, what's going to happen, leave it' and I continued with my life. But that's the mistake I made. And that happens," Shakib said.

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Agencies
May 25,2020

Chandigarh, May 25: Legendary former hockey player Balbir Singh Senior died in a private hospital on Monday, his family said.

He was 96 years old. His condition was critical for nearly a fortnight.

He was undergoing treatment at Fortis Mohali and was in a "semi-comatose condition".

He was hospitalised on May 8 with high fever and breathing trouble. His COVID-19 test came negative.

Balbir was part of the Indian teams that won gold at the 1948 London Olympics, Helsinki 1952 and Melbourne 1956. His record for most individual goals scored in an Olympic men's hockey final remains unbeaten.

Balbir had set this record when he scored five goals in India's 6-1 win over Netherlands in the gold medal match of the 1952 Games.

He was the head coach of the Indian team for the 1975 men's World Cup, which India won and the 1971 men's World Cup, where India earned a bronze medal. He was also conferred with the prestigious Padma Shri in 1957.

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