Ronaldo seeks to avoid prison for tax fraud
Madrid: Real Madrid striker Cristiano Ronaldo will pay the money the Spanish Treasury demands if it withdraws its request for him to be given a prison sentence for an alleged tax fraud of 14.7 million Euros, Spanish media reported on Monday.
However, the Portuguese captain is not willing to admit he has committed any criminal offence..
The Treasury's petition last week for an eight year prison sentence for another former Real Madrid player, Xabi Alonso, for three cases of alleged fraud, totaling eight million Euros, provoked Ronaldo and his advisors to attempt to find a negotiated solution to the charges against him, rather than continuing to fight the case through the courts.
Until now Ronaldo, like Alonso, has strongly denied he committed fraud to avoid paying tax on earnings from image rights but his idea now is to offer the Treasury a "blank cheque" to avoid a prison term.
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Mangaluru: Bizmen convicted in cheque bounce cases; court orders over Rs 18 lakh in fines
Mangaluru (Karnataka), May 1 (PTI): Two Udupi-based businessmen have been convicted and sentenced in separate cheque bounce cases by a court here, with judgments delivered within a year of the cases being filed.
The verdicts were pronounced on Wednesday, according to court officials.
The 9th Judicial Magistrate First Class (JMFC) court, presided over by Judge Dr Shilpa Byadgi, ordered Prakash Acharya of Vishwa Constructions to pay a fine of Rs 14.40 lakh in a case filed by Mangaluru-based Ken Enterprises.
The complaint was filed after a security cheque issued by Acharya bounced due to insufficient funds. If he fails to pay the fine, Acharya will undergo six months of simple imprisonment.
Of the total fine, Rs 14.35 lakh has been ordered as compensation to the complainant.
In a separate case, Ravi Kumar, another businessman from Udupi, was directed to pay Rs 4.05 lakh in fines to the same complainant.
He will face four months’ imprisonment if the amount is not paid. Rs 4 lakh from the fine is to be paid to the complainant as compensation.
Both cases were filed in 2024 and concluded within a year.
Advocate Sukesh Kumar Shetty represented the complainants in both matters.
