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Sport

Ronaldo Slammed with €3.2 million Fine in Tax Evasion Case

Farouk Mohammed
By Farouk Mohammed
Published: July 27, 2018
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Cristiano Ronaldo has been fined 3.2 million Euros (3.7 million dollars) and sentenced to 24 months in prison, a sentence he is unlikely to serve, after settling a tax evasion case with Spanish tax authorities, the prosecutor said on Friday.

The 33-year-old is accused of evading 5.7 million euros in taxes. He has denied the allegations.

Ronaldo is unlikely to go to prison as Spanish law states a sentence of under two years for a first offence can be served on probation.

The football star will be required to pay the 3.2-million-Euro fine plus the 5.7 million Euros in back taxes, 1 million Euros in accrued interest and 250 Euros-per-day for the 48 months covering the prison sentence.

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This amount is likely to be only part of the striker’s fines over the case, which are expected to rise to around 19 million Euros in total.

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ByFarouk Mohammed
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Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
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