Real Madrid Star Accused Of Tax Evasion.

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Real Madrid Star Accused Of Tax Evasion.

Christiano Ronaldo faces heavy fine following accusations of tax evasion.

MADRID, SPAIN - APRIL 29:  Cristiano Ronaldo of Real Madrid CF reacts defeated as he leaves the pitch after the La Liga match between Real Madrid CF and UD Almeria at Estadio Santiago Bernabeu on April 29, 2015 in Madrid, Spain.  (Photo by Gonzalo Arroyo Moreno/Getty Images)

The Portuguese international has been accused of tax evasion via a multi-million Euro system.

It was alleged that he moved about €63.5m to Virgin Islands. The allegations came from a website called Football Leaks which showed two terabytes of data, the largest leak in sports. It passed the said documents to a Germany’s weekly newspaper Der Spiegel.

Der Spiegel admitted that it did receive 1.9 terabytes of confidential financial data from Football Leaks. In one of their news articles, they reported that Cristiano sold €75m of advertising copyrights to two offshore companies in the British Virgin Islands. They also revealed that they were able to share the confidential data with nine other European media outlets.

However, Cadena Cope via AS claims Ronaldo’s representatives have since issued a certificate showing his tax affairs are completely in order.

This was confirmed by tax authorities, but Ronaldo will still be investigated if they deem it to be appropriate.

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