'Pandora Papers' expose offshore assets of heads of state, govt

Yahoo – AFP, October 3, 2021

Some 35 current and former leaders are featured in leaked financial documents
analyzed by the International Consortium of Investigative Journalists (ICIJ) (AFP/Jim Watson)

More than a dozen heads of state and government, including the King of Jordan and the Czech prime minister, have hidden millions in offshore tax havens, according to an investigation published Sunday by the ICIJ media consortium. 

The so-called "Pandora Papers" investigation -- involving some 600 journalists from media including The Washington Post, the BBC and The Guardian -- is based on the leak of some 11.9 million documents from 14 financial services companies around the world. 

Some 35 current and former leaders are featured in the documents analyzed by the International Consortium of Investigative Journalists (ICIJ) -- facing allegations ranging from corruption to money laundering and global tax avoidance. 

The documents notably expose how King Abdullah II created a network of offshore companies and tax havens to amass a $100 million property empire from Malibu, California to Washington and London. 

The BBC cited lawyers for King Abdullah saying all the properties were bought with personal wealth, and that it was common practice for high profile individuals to purchase properties via offshore companies for privacy and security reasons. 

The documents also show Czech Prime minister Andrej Babis -- facing an election later this week -- failed to declare an offshore investment company used to purchase a chateau worth $22 million in the south of France. 

In total, the ICIJ found links between almost 1,000 companies in offshore havens and 336 high-level politicians and public officials, including country leaders, cabinet ministers, ambassadors and others. 

More than two-thirds of the companies were set up in the British Virgin Islands. 

In most countries, the ICIJ stresses, it is not illegal to have assets offshore or to use shell companies to do business across national borders. 

But such revelations are no less of an embarrassment for leaders who may have campaigned publicly against corruption, or advocated austerity measures at home. 

Among the other revelations from the ICIJ investigation: 

-- Family and associates of Azerbaijani President Ilham Aliyev are alleged to have been secretly involved in property deals in Britain worth hundreds of millions. 

-- Kenyan President Uhuru Kenyatta and six family members are alleged to secretly own a network of offshore companies. 

-- Members of Pakistan Prime Minister Imran Khan's inner circle, including cabinet ministers and their families, are said to secretly own companies and trusts holding millions of dollars. 

-- Russian President Vladimir Putin is not directly named in the files, but he is linked via associates to secret assets in Monaco. 

The "Pandora Papers" are the latest in a series of mass ICIJ leaks of financial documents that started with LuxLeaks in 2014, and was followed by the Panama Papers, the Paradise Papers and FinCen. 

The documents behind the latest investigation are drawn from financial services companies in countries including the British Virgin Islands, Panama, Belize, Cyprus, the United Arab Emirates, Singapore and Switzerland.

Spanish king distances himself from scandal-hit father

Yahoo – AFP, March 15, 2020

Juan Carlos handed over power to his son, Felipe in 2014 (AFP Photo/Juanjo Martín)

Madrid (AFP) - King Felipe VI of Spain moved Sunday to distance himself from his scandal-hit father, stripping him of his palace allowance and renouncing what he was due to inherit from him.

A statement from the palace announced that he had stripped the former king Juan Carlos, of his allowance and was himself renouncing what he was due to inherit from him.

The announcement came after media reports that Juan Carlos had received 100 million dollars (90 million euros) from Saudi Arabia via an offshore account -- and that King Felipe himself was also a beneficiary.

The money was lodged in a Swiss bank account in the name of a Panamanian foundation.

In the palace statement, the reigning king said that in April he had made it clear to a notary that he would accept no money from the foundation in question.

He also that he had absolutely no knowledge of having been named as a beneficiary to another foundation, which according to press reports paid millions of euros towards his father's flights in private jets.

On Tuesday, the Spanish parliament decided against launching an investigation into suspected money laundering by the former king Juan Carlos.

Reported Saudi payments to ex-king

Spain's hard-left Podemos party had called for it after reports earlier this month that in 2008 Juan Carlos received $100 million from Saudi king Abdallah via the Swiss account of an entity listed in Panama.

The Swiss daily Tribune de Geneve added that in 2012, $65 million of that sum was given by the king to his former mistress, Corinna zu Sayn-Wittgenstein.

Then a report in Britain's Daily Telegraph said that 52-year-old King Felipe was also a beneficiary of the fund, which it said had been set up when Juan Carlos was still on the throne.

Juan Carlos, now 82, came to the throne after the death of the military dictator Francisco Franco in 1975 and is widely respected for having favoured a transition to democracy.

But he lost his immunity from prosecution after handing power to his son, Felipe, in June 2014 following a 39-year reign.

He resigned from public life last year after a series of scandals about his private life.

In 2012, he outraged Spaniards by going elephant hunting in Botswana at the height of the country's recession.

Spanish reports say Juan Carlos has until now received an annual allowance from the state of more than 194,000 euros.

Angola vows to bring back billionaire dos Santos over graft claims

Yahoo – AFP, in London, January 20, 2020

A trove of leaked documents allege that Isabel dos Santos, the billionaire daught
of Angola's ex-president, amassed her wealth by plundering state funds (AFP Photo/
FERNANDO VELUDO)

Luanda (AFP) - Angolan prosecutors vowed on Monday to use "all possible" means to bring back Isabel dos Santos, the former president's billionaire daughter, after thousands of leaked documents revealed new allegations she siphoned off hundreds of millions in public money.

Dubbed Africa's richest woman, dos Santos is accused of using her father's backing to plunder state funds from the oil-rich but impoverished southern African country and -- with the help of Western consulting firms -- move the money offshore.

She stopped living in Angola after her authoritarian father Jose Eduardo dos Santos, who ruled the country for nearly 40 years, stepped down in 2017 for his anointed successor Joao Lourenco.

She now spends her time between London and Dubai.

"We will use all possible means and activate international mechanisms to bring Isabel dos Santos back to the country," prosecutor general Helder Pitra Gros told public radio.

"We have asked for international support from Portugal, Dubai and other countries," he added.

The 46-year-old dos Santos is already being investigated as part of an anti-graft campaign launched by Lourenco, who has vowed to root out corruption.

Prosecutors last month froze bank accounts and holdings owned by the businesswoman and her Congolese-Danish husband Sindika Dokolo, a move dos Santos described as motivated by a groundless political vendetta.

Gros' remarks came after a trove of 715,000 files dubbed the "Luanda Leaks" on Sunday revealed how the eldest daughter of the former president allegedly moved the vast sums into overseas assets.

The award-winning New York-based International Consortium of Investigative Journalists (ICIJ) behind the release alleged the international system has allowed powerful individuals like her to move assets around the world, without questions.

Prosecutors have already frozen the bank accounts and holdings owned by dos 

Santos and her Congolese husband Sindika Dokolo (AFP Photo/FERNANDO VELUDO)

"Based on a trove of more than 715,000 files, our investigation highlights a broken international regulatory system that allows professional services firms to serve the powerful with almost no questions asked," the ICIJ wrote.

The group said its team of 120 reporters in 20 countries was able to trace "how an army of Western financial firms, lawyers, accountants, government officials and management companies helped (dos Santos and Dokolo) hide assets from tax authorities".

'Highly coordinated attack'

Dos Santos took to Twitter to refute the claims, launching a salvo of around 30 tweets in Portuguese and English, accusing journalists involved in the investigation of telling "lies".

"My fortune is built on my character, my intelligence, education, capacity for work, perseverance," she wrote.

Born in Baku, Azerbaijan, and educated in Britain, dos Santos -- scornfully nicknamed "the princess" -- was named Africa's first female billionaire in 2013 by Forbes, which estimates her current wealth at $2.1 billion.

Her lawyer dismissed the ICIJ findings as a "highly coordinated attack" orchestrated by Angola's current rulers, in a statement quoted by The Guardian newspaper.

Dos Santos herself told BBC Africa the file dump was part of a "witch hunt" meant to discredit her and her father.

She headed Angola's national oil company Sonangol until her father's successor forced her out after becoming president in 2017.

"Red flags really went up when she was appointed head of the state oil company at a time when her father still had significant influence," said Daniel Bruce, who heads the UK branch of anti-corruption campaign group Transparency International.

Former Angolan president Jose Eduardo Dos Santos ruled for nearly 40 years 

before stepping down in 2017 (AFP Photo/Adalberto ROQUE)

"You could see there were major conflicts of interest starting to emerge," he added.

Dos Santos said on Wednesday that she would consider running for president in the next election in 2022.

Western consultants

The ICIJ investigation said Western consulting firms such as PwC and Boston Consulting Group were "apparently ignoring red flags" while helping her stash away public assets.

"Regulators around the globe have virtually ignored the key role Western professionals play in maintaining an offshore industry that drives money laundering and drains trillions from public coffers," the report said.

Its document trove included redacted letters allegedly showing how consultants sought out ways to open non-transparent bank accounts.

London-based firm PwC was among those advising her businesses.

The consultancy said it had "immediately initiated an investigation" in the wake of the "very serious and concerning allegations."

"We have also taken action to terminate any ongoing work for entities controlled by members of the dos Santos family," it added in a statement.

The Boston Consulting Group did not immediately respond to an attempt to get comment by AFP.

One confidential document allegedly drafted by Boston Consulting in September 2015 outlined a complex scheme for the oil company to move its money offshore.

The investigation also published a similar 99-page presentation from KPMG.

"UK firms... have played a role both in helping her to amass this fortune but also to invest the proceeds of these suspicious deals," said Bruce.

"There are questions to answer," he added. "Particularly for those who helped her acquire property."

Dos Santos and Dokolo have invested in several luxurious London houses and amassed an impressive collection of valuable artwork.

Her husband, a well-known collector of African arts, developed that passion from his billionaire banker father Augustin Dokolo Sanu.

Powerful but troubled US gun group sees shakeup amid public dispute

Yahoo – AFP, April 27, 2019

Wayne LaPierre, CEO of the powerful National Rifle Association in the US, is
seen speaking at the group's convention on April 26, 2019; he appears to
have forced out NRA President Oliver North in an angry public dispute (AFP
Photo/SCOTT OLSON)

Washington (AFP) - A dramatic leadership struggle in the most powerful US gun-owners organization has resulted in its president Oliver North saying Saturday that he will not serve a second term.

North, who gained international notoriety as a key figure in the Iran-Contra arms scandal under President Ronald Reagan, was forced out as president of the influential National Rifle Association by the group's longtime CEO, Wayne LaPierre.

An NRA board member, Richard Childress, read a letter from North at the group's annual convention in which North said his efforts to fight alleged financial mismanagement in the NRA had led to his ouster.

North, who became president only last year, alleged in a letter to the NRA's executive committee that LaPierre had purchased more than $200,000 in personal items and charged them to a vendor, The Washington Post reported.

North called for the NRA to establish a committee to review the group's finances.

LaPierre put a different light on the men's differences, accusing North of issuing a blunt ultimatum to either "resign or there will be destructive allegations made against me and the NRA," LaPierre said in a letter published Friday by the Wall Street Journal.

LaPierre said the threat "alarmed and disgusted" him.

Amid the bitter internal spat, the NRA meanwhile has filed a lawsuit against its advertising agency Ackerman McQueen, complaining of unjustified billings. Ackerman employs North to host a TV show called "American Heroes."

The firm called the suit "frivolous (and) inaccurate."

Supported by Trump

The leadership struggle has played out in public view at a time when the NRA -- which has long played an outsized role in the gun debate in America -- has faced mounting political, regulatory and financial challenges.

After recent years saw some of the worst mass shootings in US history, leading to new cries for gun control, the pro-gun group's revenues dropped sharply last year.

Regulators in New York, meantime, have threatened to examine the group's tax-exempt status.

But President Donald Trump has thrown his strong support to the group. In 2017 he became the first US president since Reagan to address the NRA, and he did so again on Friday at its Indianapolis convention.

North has long been a popular figure among American conservatives, despite -- or perhaps because of -- his involvement in the Iran-Contra scandal.

A retired Marine Corps lieutenant colonel who went to work in the Reagan White House, he was convicted in 1989 on three charges linked to the Iran-Contra scheme, under which money from arms sales to Tehran was funneled to rebels in Nicaragua. The convictions were later overturned.

LaPierre himself had warm words for North when he was tapped as the group's next president last year.

"Oliver North is a legendary warrior for American freedom, a gifted communicator and skilled leader," LaPierre said in a statement.

"In these times, I can think of no one better suited to serve as our president."

France's Macron vows tax cuts in response to protests

Yahoo – AFP, Adam PLOWRIGHT and Stuart WILLIAMS, April 25, 2019

French President Emmanuel Macron promised significant tax cuts (AFP
Photo/ludovic MARIN)

Paris (AFP) - President Emmanuel Macron Thursday promised significant tax cuts but also a return to public order in France as he revealed his long-awaited response to nearly half a year of street protests.

In the first formal domestic news conference of his entire presidency, Macron steered clear of bombshell announcements but promised the French a more humane style of governance.

He said he wants to scrap the elite university ENA -- a factory for top French bureaucrats and presidents including Macron himself -- but did not outline a concrete plan for doing so.

Macron, 41, swept to power in 2017 on hopes he would be a youthful breath of fresh air for France.

But over the past half year, the momentum has been knocked out of his presidency by the anti-government "yellow vest" movement which has held weekly protests against social inequality.

"I want cuts for people who work by significantly reducing income taxes," said Macron in his headline announcement at the news conference inside the Elysee Palace.

He the tax cuts would be worth five billion euros and financed by eliminating corporate tax breaks, working longer hours and reductions in public spending.

The Macron press conferencer took place in the grand Elysee Palace in Paris

(AFP Photo/ludovic MARIN)

'Just demands'

His announcement came after a vast listening exercise called the Great National Debate launched in response to the protests where high taxes emerged as one of the main gripes.

Macron defended a controversial decision to scrap a wealth tax early in his term but said it would be reviewed in 2020, adding: "It was a reform to stimulate production, not a present for the rich."

With yellow vest protests still rocking France every Saturday, Macron vowed to press ahead with reforms programme and warned the protest movement -- whose demonstrations have often turned violent -- that it is time for a return to order.

"The transformations that are in progress and the transformations that are essential for our country should not be stopped," he said.

He recognised that the yellow vest movement had led to many in France feeling "anger and impatience for change" and praised its "just demands".

But he lamented that the movement had "transformed progressively" and been hijacked partly by episodes of anti-Semitic violence, attacks on journalists and homophobia.

He said the hatred seen in some of the demonstrations marked a "regression in civic morality and education and I will fight against it with all my strength."

Yellow vest protests have been held each Saturday in Paris and elsewhere for 

almost six months (AFP Photo/Anne-Christine POUJOULAT)

'Sometimes unfair'

Macron, sitting alone at a desk at the Palace's vast main reception hall, the Salle des fetes, gave an initial speech then answered questions from reporters.

It was their first chance for some time to question a head of state who had previously only spoken to media at press conferences during foreign trips or at home with foreign leaders.

Criticised for often seeming aloof to people's daily concerns -- in one episode telling an unemployed man to "cross the road" to find a job -- Macron attempted to show a more humble side.

He said the second part of his mandate would be "more humane" and said he regretted giving a sense of "always giving out orders, being hard, sometimes unfair".

He said he wanted to put the "human being at the heart of the agenda" with a "new method" of governance.

On ENA, the post-graduate school that has educated top French politicians and public officials since 1945 and seen as a symbol of French elitism, he said: "We will need to abolish ENA, among others, to be able to build something else."

Plunging ratings

Opinion polls show his popularity rating stuck on or even under 30 percent, a far cry from the heady days after his inauguration when his approval rating was over 60 percent.

The Notre-Dame fire broke out just hours before Macron's high-anticipated 

address, which was abruptly cancelled (AFP Photo/Geoffroy VAN DER HASSELT)

Macron already has his eye on the 2022 presidential election, acutely aware that his predecessors Nicolas Sarkozy and Francois Hollande only lasted one term and failed to implement lasting change.

At stake is not just his ambitious agenda to modernise France but his status as a global statesman able to stand up to US President Donald Trump and lead Europe as German Chancellor Angela Merkel steps aside and Britain is bedevilled by Brexit.

He admitted differences with Merkel, including on Brexit where Berlin has taken a tougher line than Paris.

The scheduling of the big speech was also troubled -- Macron had been due to make his announcement via a pre-recorded address which was to be broadcast on April 15.

But just two hours beforehand, Notre-Dame cathedral went up in flames, forcing the presidency to cancel the broadcast as Macron rushed out to the burning Paris landmark.

A day later, the entire text of his reform plan speech was leaked to the media, leaving a major quandary for the Elysee, which was left wondering whether to rehash the old speech or try something new.

The Netherlands is a tax haven alongside Ireland, Malta and Cyprus, say MEPs

DutchNews, March 27, 2019

Photo: Joep Poulssen

Members of the European parliament have voted to include the Netherlands, Ireland, Luxembourg, Malta and Cyprus on the official EU tax haven black list. 

However the motion, proposed by Dutch Labour MEP Paul Tang, will not have any affect on the listing because members states have to unanimously approve every inclusion, the Financieele Dagblad said on Wednesday. 

The official EU blacklist of places considered to facilitate tax evasion now comprises 15 countries, after 10, including Aruba, were added earlier this month. However, Tang said this did not go far enough, and referred to research last year by the European Commission which said the Netherlands cooperated with ‘aggressive tax planning’. 

Tang’s motion was passed by 408 to 205. 

Dutch junior finance minister Menno Snel said in a reaction that he was astonished by the vote. ‘The Netherlands has a leading position in the battle against international tax evasion,’ he told the FD.

'Nearly a third' of British billionaires moved to tax havens

Yahoo – AFP, Dmitry ZAKS, March 7, 2019

It is reported that 10 British billionaires and 408 UK business owners live in
Monaco, according to The Sunday Times (AFP Photo/VALERY HACHE)

London (AFP) - Nearly a third of Britain's billionaires have either moved or are relocating to tax havens, where some have broken UK law by bankrolling political parties, a major investigation said on Thursday.

The Times newspaper published a series of reports detailing allegations of Britain's ultra-rich hiding billions of pounds from the UK Treasury in taxes over the past decade.

The report came out days after the government drew public fury for delaying a vote on proposed legislation aimed at ending secret company ownership in offshore territories.

"We must stop tax evasion so that the wealthiest pay their fair share," Margaret Hodge, a leading lawmaker from the main opposition Labour Party who co-sponsored the tax haven measure, tweeted in response to The Times reports.

"Public registers and more transparency are the next big step for fairer tax."

Prime Minister Theresa May's government did not immediately respond to the investigation.

Knights and dames

The Times said that 28 out of the 93 British billionaires it found through public records "have moved to tax havens or are in the process of relocating".

It said almost half of the 28 have left in the past decade.

The Times said those in the process of moving included Jim Ratcliffe, Britain's richest man and a major Brexit supporter. His chemicals firm is valued at £35 billion ($46 billion).

The Times said those in the process of moving included Jim Ratcliffe, Britain's
richest man and a major Brexit supporter (AFP Photo/JUSTIN TALLIS)

The Sunday Times reported last month that Ratcliffe's move to Monaco, where it said 10 British billionaires and 408 UK business owners live, could cost the Treasury up to £4 billion.

Asked about his rumoured move last October, Ratcliffe told Britain's Press Association news agency that he was staying in Britain.

The Times said big business owners were trying to avoid paying Britain's relatively high 38.1 percent income tax on dividends -- the cash payments made by corporations to their shareholders.

It is effectively a profit tax, since business owners hold a large portion of their company's shares.

Tax-evading

Companies registered in offshore tax shelters such as the Channel Islands or countries like Switzerland and the United Arab Emirates pay little to no tax.

The Times said the exodus was spurred by a hike in income tax rates for top earners to 50 percent in 2010, which was reduced to 45 percent in 2013.

New rules from 2013 making a switch in tax residency easier also contributed, The Times said.

But some of its most damning allegations concerned political contributions.

The Times said successive UK governments have failed to properly enact a 2009 law banning large donations from anyone residing abroad for tax purposes.

It said tax-evading business owners and their companies have made political contributions worth £5.5 million over the past decade.

Prime Minister Theresa May's Conservatives accepted £1 million from these entities in the months leading up to the 2017 snap general election, The Times said.

It added that several of these billionaires have also received honorary titles such as baron, knight and dame.

Swiss bank UBS fined 3.7 bn euros in French tax fraud case

Yahoo – AFP, 20 February 2019

A Paris court fined Swiss banking giant UBS 3.7 billion euros ($4.2 billion) in a
tax fraud case, a record for such a case in France

A Paris court on Wednesday fined Swiss banking giant UBS 3.7 billion euros ($4.2 billion) in a tax fraud case, a record for such a case in France.

The bank was convicted of illegally helping French clients to hide billions of euros from French tax authorities.

The trial opened last autumn after seven years of investigations, launched when former employees came forward with claims of unlawful conduct.

This came as authorities across Europe cracked down on tax evasion and dubious banking practices in the wake of the 2008 global financial crisis.

In the UBS case, French authorities determined that more than 10 billion euros had been kept from the eyes of their tax officials between 2004 and 2012.

The fine was in keeping with that demanded by the National Financial Prosecutor's office.

UBS's French subsidiary was also fined 15 million euros for complicity.

Mourinho avoids jail but hit by fine for tax fraud in Spain

Yahoo – AFP, Feb 5, 2019

Manchester United manager Jose Mourinho avoids jail but if fined for tax
fraud in Spain (AFP Photo/JOSE JORDAN)

Madrid (AFP) - Ex-Manchester United manager Jose Mourinho has avoided jail for tax fraud as part of a deal with Spanish prosecutors revealed Tuesday but will pay a fine of close to two million euros.

The 56-year-old is accused of committing tax fraud in 2011 and 2012 when he coached Spanish giants Real Madrid.

According to the agreement seen by AFP, Mourinho accepted a one-year jail sentence immediately commuted to a fine of 182,500 euros.

The Portuguese coach will also have to pay an additional penalty of 1.98 million euros ($2.3 million).

Mourinho, sacked by Manchester United in December following a string of disappointing performances, is the latest high-profile football figure to be judged over his tax affairs in Spain.

Spanish prosecutors accuse Mourinho, who coached Real Madrid between 2010 and 2013, of failing to declare income of 1.6 million euros in 2011 and 1.7 million euros in 2012.

The grounds for the case, as with a series of football stars based in Spain, is how income from Mourinho's image rights was managed and declared.

Prosecutors believe by ceding his image rights to a series of companies based in tax havens, Mourinho committed fraud by not declaring the income those companies made from his image rights.

Ronaldo avoids jail but hit by hefty fine for tax fraud in Spain

Yahoo – AFP, Diego URDANETA, Jan 22, 2019

Cristiano Ronaldo arrived at the court in Madrid with girlfriend Georgina
Rodriguez (AFP Photo/PIERRE-PHILIPPE MARCOU)

Madrid (AFP) - Juventus star Cristiano Ronaldo avoided jail on Tuesday but was ordered by a Spanish court to pay 3.57 million euros ($4.1 million) for committing tax fraud when at Real Madrid, part of a broader 18.8-million-euro payout.

Sporting sunglasses and a smile, accompanied by his girlfriend Georgina Rodriguez, Ronaldo arrived at the court in northeastern Madrid for a brief hearing.

He was handed a two-year jail sentence immediately reduced to a fine of 365,000 euros and another penalty of 3.2 million euros, according to the sentence.

Accused of having avoided paying 5.7 million euros in taxes due on his image rights between 2011 and 2014, Ronaldo has already paid the taxman 6.7 million euros for what he owed plus interest, the sentence read.

That -- plus the court fine -- comes to more than 10 million euros.

In June, the player's lawyers and Spain's taxman came to an agreement that Ronaldo would pay a grand total of 18.8 million euros.

Ronaldo grinned and signed autographs outside the court (AFP Photo/

OSCAR DEL POZO)

That amount was not mentioned in the sentence but a source at the court, who refused to be named, said Ronaldo would have to pay 18.8 million euros in total, giving no further details.

Contacted by AFP, tax authorities, prosecutors and lawyers representing Ronaldo refused to provide any information.

It is unclear whether the remaining amount is a separate administrative fine.

'Very well'

"I am very well," the five-time Ballon d'Or winner told the crowd of reporters gathered outside of the court as he left the hearing. He signed a few autographs before leaving in a black van.

The court refused the player's request to appear by video or to enter the building by car to avoid the spotlight.

Ronaldo, who last year joined Italian champions Juventus, smiled broadly as he arrived at the court dressed in black trousers, a black turtleneck and dark sunglasses, holding hands with Rodriguez.

Ronaldo's tax troubles come from his time at Real Madrid, where he won two 

league titles and four Champions Leagues (AFP Photo/GABRIEL BOUYS)

Police officers escorted him.

He had played for Juventus on Monday night, missing a penalty as the Italian league leaders eased past bottom club Chievo 3-0.

Offshore companies

Madrid prosecutors opened an investigation into Ronaldo in June 2017 and he was questioned in July that same year.

"I have never hidden anything, nor have I had the intention of evading taxes," he told the court then, according to a statement from the sports agency which represents him, Gestifute.

Prosecutors accused Ronaldo of having used companies in low-tax foreign jurisdictions -- notably the British Virgin Islands and Ireland -- to avoid paying the tax due in Spain on payments for his image rights between 2011 and 2014.

Ronaldo's former Real Madrid teammate Xabi Alonso 

was also in court in Madrid on tax evasion charges

(AFP Photo/PIERRE-PHILIPPE MARCOU)

His lawyers argued there had been a difference in interpretation of what was and was not taxable in Spain, and deny any deliberate attempt to evade tax.

But under the deal between Spain's tax authorities and his lawyers, Ronaldo pleaded guilty to four counts of tax fraud.

Ronaldo is one of several footballers to have fallen foul of Spain's tax authorities in recent years.

Barcelona's Lionel Messi, once Ronaldo's big La Liga rival, paid a two-million-euro fine in 2016 in his own tax wrangle and received a 21-month jail term.

The prison sentence was later reduced to a further fine of 252,000 euros, equivalent to 400 euros per day of the original term.

Alonso faces trial

Ronaldo's former Real Madrid team-mate Xabi Alonso appeared at the same Madrid court on Tuesday, for the first time, on a separate tax evasion charge.

Public prosecutors are seeking a five-year jail sentence and a fine of four million euros.

The trial was suspended while the court considers whether it has jurisdiction to hear the case.

Ronaldo and Rodriguez left court after the star was sentenced. (AFP Photo/

OSCAR DEL POZO)

"I never hid anything, I have to defend myself," Alonso, 37, told reporters as he left the court.

Ronaldo is also facing accusations in the United States where a former American model accused him of raping her in Las Vegas in 2009.

Police in the US city recently asked Italian authorities for a DNA sample from the footballer.

Ronaldo has always denied the accusations.

In a New Year's Eve interview with Portuguese sports daily Record, he said he had a "calm conscience" and was "confident that everything will very soon be clarified".

Related Article:

Cristiano Ronaldo denies tax fraud at court hearing