Alexis Sanchez Admits to Tax Fraud While Still at Barcelona
Arsenal star Alexis Sanchez, has confessed to Spanish court for dodging taxes amounting to 865,000 pounds while still playing for Barcelona.
The Arsenal player came clean about the act while in London and admitted to defrauding the Spanish treasury of €983,000 (£865,000) between 2012 and 2013.
In his statement to a Catalan court, via video link from London, Sanchez confessed to two counts of tax fraud. The Arsenal star already returned the money he admitted to withholding after he confessed to the crime.
Since the Chilean has paid off the tax, he may not face trial after both parties reached an agreement. The defence team of Alexis negotiating with the prosecution an adequate fine to compensate for the delay in tax payments.
Alexis Sanchez comes clean and confesses about his tax fraud while at Barcelona
The allegations initially came to light in November 2016 when it was proposed that Sanchez hid the existence of a company called Numidia trading, based in Malta.
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Sanchez transferred funds from his image rights to Numidia, of which he owns 99 per cent. The Arsenal player looks forward to putting this episode behind him as his team continues the title race. While at Barcelona, Sanchez was able to win 2013/2014 Supercopa de España and the 2012/2013 La Liga.
Barcelona in 2011, signed up Sanchez for £25 million, becoming the most expensive transfer in Chilean football history. He later signed for Arsenal in 2014 for £31.7 million, making him the third-most expensive signing in the club’s history after Mesut Özil and Granit Xhaka.
Source: Daily Mail
Author: Moses Echodu
Moses is a Ugandan writer and blogger. Studied information technology with major interests in Journalism.He is passionate about sports but at times ventures into other fields
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