MADRID—A Spanish state prosecutor accused Real Madrid forward Cristiano Ronaldo of defrauding Spain’s tax office of 14.7 million euros ($16.5 million) in unpaid taxes on Tuesday. In a statement, Madrid’s regional state prosecutor accused Ronaldo of four accounts of tax fraud from 2011-14. It said the Portugal forward “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 what it deems 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 28.4 million euros ($31.8 million) made from the cession of image rights from 2015-20 to another company located in Spain.

Source: thestar June 13, 2017 11:15 UTC