Barcelona’s Messi, father bag 21 months imprisonment for tax fraud

Posted by admin Headlines, Soccer, Sports Wednesday, July 6th, 2016

A court in Spain on Wednesday sentenced Barcelona striker Lionel Messi and his father to 21 months in jail for tax fraud and slapped them with a fine of 3.7 million euros ($4.1 million).

But these prison sentences are likely to be suspended as is common in Spain for first offences for non-violent crimes carrying a sentence of less than two years.

The Argentina and Barcelona star and his father Jorge Horacio Messi were found guilty of using companies in Belize and Uruguay to avoid paying taxes on 4.16 million euros of Messi’s income earned from his image rights from 2007-09.

The income related to Messi’s image rights that was allegedly hidden includes endorsement deals with Banco Sabadell, Danone, Adidas, Pepsi-Cola, Procter & Gamble and the Kuwait Food Company.

-Vanguardwp_posts