Real Madrid midfielder Luka Modric has been imposed with eight-month prison sentence over alleged tax fraud. He has been pleaded guilty to the accusation of defrauding the treasury of over €870,000 (£784,000/$1m).
Modric is the latest to get involved in tax fraud issue.
According to El Mundo, Modric first defrauded €290,000 before then using Ivano SARL to take a further €579,000. Ivano SARL is a company based in Luxembourg.
At the start of the case, Modric paid €1 million. And it has been agreed now that he must now pay 40 per cent of the fee that was defrauded, which totals just over €348,000.
The list of players getting involved in the similar kind of tax issue is increasing day by day. Few weeks ago, Manchester United manager Jose Mourinho has been given a one-year prison sentence, as well as a €2m fine.
Mourinho spent three years in Spain when he managed Real Madrid. He was accused of using offshore company accounts in Ireland, the British Virgin Islands and New Zealand to conceal income from image rights in 2011. News media El Mundo claimed Mourinho reached a deal with tax authorities, with two six-month suspended prison sentences.
Meanwhile, Barcelona star player Lionel Messi was sentence to 21-months jail last year for failing to pay €4.1 million in taxes on image rights in 2007, 2008 and 2009. He was also given €2m fine. Messi’s father Jorge Messi was handed the same prison sentence and a smaller fine of close to €1.7m.
Former Real Madrid forward Cristiano Ronaldo was also given a suspended sentence and a huge €19m fine. H was pleaded guilty to four charges of evasion between 2011 and 2014 worth a total of €14.7m.
According to EFE, that amount was reduced in his guilty plea to €5.7m. However, taking into account fines, interests and other cost the sum increases to €19m.