Cristiano Ronaldo denies tax evasion accusations

Cristiano Ronaldo denies tax evasion accusations

- Cristiano Ronaldo has denied accusations that he failed to pay 14.7m euros in tax

- The prosecutor's office in Madrid said the Real Madrid star defrauded authorities

- Leaked documents in December 2016 revealed Ronaldo hid his income in offshore accounts

- Ronaldo denied the allegations back then and the new accusation by Spanish authorities

Cristiano Ronaldo has denied accusations by Spanish authorities that he evaded tax payments of 14.7m euros (£13m; $16m) from 2011 to 2014.

On Tuesday, June 13, Spanish prosecutors released a statement accusing the Real Madrid man of setting up a business struture to help defraud authorities.

Cristiano Ronaldo denies tax evasion accusations

Cristiano Ronaldo has denied tax evasion accusations

The prosecutor's office also said it has filed a lawsuit against the Portuguese player.

READ ALSO: Tax fraud: Unlike Messi, Cristiano Ronaldo might actually go to jail

However in a statement, released by Ronaldo's management company Gestifute, the player denied those claims.

"It is clear that the football player did not try to evade taxes," the statement read.

It said that the footballer had not hidden any income from the tax authorities or defrauded Spain.

Cristiano Ronaldo denies tax evasion accusations

Cristiano Ronaldo could face jail time if found guilty

Ronaldo had previously said he was not worried about tax investigations as he had nothing to hide.

Leaked documents released in December 2016 revealed the Real Madrid man had avoided tax on income allegedly held in offshore accounts.

READ ALSO: Love-in-the-air! SEE the 3 Real Madrid stars set to marry on the same weekend

Ronaldo is the world's highest-paid sportsperson for the second successive year, according to Forbes' annual list of the world's wealthiest people.

He earned $93m (£72m) from salary, bonuses and endorsements last year.

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Source: Sports.naij.com

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