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Reading: Ronaldo Slammed with €3.2 million Fine in Tax Evasion Case
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Ronaldo Slammed with €3.2 million Fine in Tax Evasion Case

By
Farouk Mohammed
ByFarouk Mohammed
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Farouk Mohammed is the Publisher and Lead Editor of Okay News, an international digital news platform delivering verified reporting across technology, global affairs, business, innovation, and...
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July 27, 2018 - 4:36 pm
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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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