Connect with us

Hi, what are you looking for?


Real Madrid’s Coentrao questioned in tax fraud probe

Prosecutors allege that Real Madrid defender Fabio Coentrao used companies in Ireland and Panama to avoid taxes on the income earned from his image rights between 2012 and 2014 © AFP/File / Christof STACHE

MADRID, Spain, Jul 3Real Madrid’s Portuguese defender Fabio Coentrao, accused of evading nearly 1.3 million euros in income from the tax man, was questioned in court on Monday, a judicial source said.

He appeared in court in Pozuelo de Alarcon, a wealthy suburb of the Spanish capital where many footballers live, said a spokesman for the high court of the Madrid region — which oversees all other courts in the area.

The spokesman refused to give any other details.

But according to two other judicial sources, who refused to be named, the 29-year-old paid out 1.7 million euros ($1.9 million) to tax authorities before going to court — the sum owed plus interest.

Prosecutors allege that he used companies in Ireland and Panama to avoid taxes on the income earned from his image rights between 2012 and 2014.

Coentrao is just one of several football stars accused of tax evasion.

His Real Madrid teammate Cristiano Ronaldo is due to be questioned by a Spanish judge on July 31 after allegedly evading 14.7 million euros in taxes.

Ronaldo’s agent Jorge Mendes, meanwhile, appeared in court last week where he denied helping create shell companies for his clients to assist them in evading taxes.

Advertisement. Scroll to continue reading.
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


More on Capital Sports


NAIROBI, Kenya, May 25 – There is light at the end of the tunnel. After failed promises over the last three years since its...


NAIROBI, Kenya, June 8 – Olympic Champion Caster Semenya and wife Violet Raseboya have hinted that they might be expecting a baby in a...


NAIROBI, Kenya, Aug 13 – Kenya’s history making Daniel Adongo, the first Kenyan to play in America’s National Football League (NFL), is now living...


NAIROBI, Kenya, Oct 15 – Daniel Wanjiru, the 2017 London Marathon champion has been slapped with a four-year ban by the World Athletics Disciplinary...

© 2020 Capital Digital Media. Capital Group Limited. All Rights Reserved