MADRID: Ronaldo handed 2-year prison sentence and €18.8 million tax bill penalty, after failing to comply with tax laws.
Real Madrid forward Cristiano Ronaldo has reached a deal with the Spanish tax authorities to serve two years in prison and pay an 18.8 million euro (R293-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.
Ronaldo handed 2-yr prison sentence & €18.8 million tax bill penalty, after failing to comply with tax laws. pic.twitter.com/YvdbZ3fSs8
— Baller24 (@Baller24Alert) June 15, 2018
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.