Top Stories

Ex-footballer Samuel Eto’o pleads guilty to tax fraud to avoid prison

Former Cameroon football star Samuel Eto’o has struck a deal with Spanish prosecutors to avoid going to jail for tax fraud he committed while playing for Barcelona, a court in the city announced Monday.

Eto’o, who played for Barcelona from 2004 to 2009, received a fine and a 22-month suspended sentence but will not serve any time, as is customary in Spain for prison terms of under two years for non-violent crimes.

Reports in Spain claim Eto’o, 41, will pay a fine of 1.8 million euros ($1.9 million).

The record four-time African footballer of the year and Jose Maria Mesalles — his former representative, who for his part was sentenced to 12 months and a fine — must reimburse Spanish tax authorities for the amount defrauded, around 3.9 million euros.

Prosecutors accused Eto’o of failing to declare income from the transfer of image rights between 2006 and 2009.

According to them, Eto’o transferred his image rights to a company based in Hungary which declared his earnings in that country, where the tax rate is one of the “lowest in Europe”.

A second Spanish company declared them in Spain at the corporate tax rate, less than the income tax that should have been paid.

Eto’o was the “real holder of the image rights”, maintained the prosecution, according to whom the transfer was fraudulent and only designed to pay less tax.

Eto’o, who last year was elected head of the Cameroonian football federation, is one of a number of football stars to have a run-in with Spanish tax authorities, following the likes of Cristiano Ronaldo, Lionel Messi and Neymar.

admin

Recent Posts

Ford Trims Workforce: 4,000 Jobs to Go in Europe

US car giant Ford on Wednesday announced 4,000 more job cuts in Europe, mostly in…

1 day ago

Tinubu Dissolves UNIZIK Council, Sacks VC, Registrar, Otukpo Pro-Chancellor

  President Bola Tinubu has approved the dissolution of the Governing Council of Nnamdi Azikiwe…

1 day ago

Ekiti Workers to Earn N70,000 Minimum Wage as Govt Signs MoU with Unions

  The Ekiti State Government has reached an agreement with labour leaders in the state,…

2 days ago

N610bn Constituency Projects Under ICPC Scrutiny in 21 States, FCT

  The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has initiated the seventh…

2 days ago

Iraq Undertakes Historic Census After 40-Year Gap

Iraq is holding its first nationwide census in nearly four decades this week, a long-awaited…

2 days ago

Relief as Rep ‘Lafi’ Empowers 300 Constituents Through Skill Acquisition Programme

  Over 300 constituents of Akinyele/Lagelu Federal Constituency in Oyo State benefitted from a skill…

3 days ago