State prosecutors accused global soccer star Cristiano Ronaldo of defrauding Spain’s revenue offices of $16.5 million in unpaid taxes on Tuesday.
Madrid’s regional state prosecutor accused the Real Madrid and Portugal forward of four accounts of tax fraud from 2011-14.
It said in a statement that the player “took advantage of a business structure created in 2010 to hide from fiscal authorities income generated in Spain from image rights.”
The statement said Ronaldo used a shell company in the Virgin Islands to “create a screen in order to hide his total income from Spain’s Tax Office.”
The prosecutor also said that Ronaldo “intentionally” did not declare income of $31.8 million made from the cession of image rights from 2015-20 to another company located in Spain.
Additionally, the prosecutor accused Ronaldo of declaring $12.8 million earned from 2011-14 in a tax return filed in 2014, when the prosecutor said Ronaldo’s real income during that period was almost $48 million.