STOCK MARKET BSE NSE

Real Madrid defender Marcelo Vieira accused of half a million euro tax fraud

Spanish prosecutors have accused Real Madrid left-back Marcelo Vieira of tax fraud totalling nearly half a million euros.

Published: 18th October 2017 11:46 AM  |   Last Updated: 18th October 2017 11:46 AM   |  A+A-

Real Madrid left-back Marcelo Vieira | AP

By AFP

MADRID: Spanish prosecutors have accused Real Madrid's Brazilian left-back Marcelo Vieira of tax fraud totalling nearly half a million euros, a judicial source confirmed on Tuesday.

The tax authorities believe Marcelo hid 490,917 euros ($578,000) earned from his image rights using a network of shell companies outside of Spain.

According to court documents, Marcelo earned 1,168,764 euros from his image rights in 2013, which were ceded to a Uruguayan company but should have been declared to the Spanish authorities.

Marcelo is just the latest in a series of star players based in Spain to be accused of tax fraud on income related to image rights in the past few years.

Real Madrid's all-time leading scorer Cristiano Ronaldo appeared in court in July over accusations he evaded 14.7 million euros worth of tax between 2011 and 2014.

Barcelona duo Lionel Messi and Javier Mascherano received 21-month and one-year suspended sentences respectively after being found guilty of tax fraud over their image rights in 2016.

However, five-time World Player of the Year Messi's sentence was later replaced by a 252,000 euro fine.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp