Neymar loses appeal, will stand trial for Barcelona transfer

Barcelona's Brazilian forward Neymar arriving to Spain's national court in Madrid. The Spanish court validated on December 20, 2016 the agreement between the prosecution and FC Barcelona to avoid a trial for the signing of Brazilian Neymar in which the club pleads guilty to two tax offenses. The pact reached in June exonerated the president of Barca, Josep Maria Bartomeu, and his predecessor, Sandro Rosell, and imposed a fine on the club of 5.5 million euros for these crimes against the public treasury.AFP/Curto de la Torre 

 Neymar has lost his final appeal and will stand trial on corruption charges related to his transfer to Barcelona four years ago.
Barcelona, Brazilian club Santos, and the company run by Neymar’s parents also lost their appeals and will stand trial after a complaint brought by Brazilian investment group DIS.
The group says it was entitled to 40 percent of the transfer fee Barcelona paid Santos for Neymar but received a smaller compensation because part of the fee was concealed by those involved.
Prosecutors are seeking a two-year prison sentence and a fine of nearly $10m for Neymar and his father on corruption charges, although they are not likely to face any jail time if found guilty because they would be first-time offenders.
Prosecutors are also seeking a fine of about $9m from Barcelona and $7m from Santos.
DIS paid about €1.4 million for its 40 percent of Neymar’s rights in 2009. Barcelona said the price of Neymar’s transfer was €57.1m, of which Santos received €17.1m.
But prosecutors said the total amount paid by the Catalan club to Santos was €25.1m — considering payments for future acquisitions and partnerships for friendlies — meaning DIS would be entitled to an additional €3.2m.
Last June, Barcelona paid a fine of €5.5m in a separate case after acknowledging to Spain’s tax authorities that they made “an error in the fiscal planning of the player’s transfer.”
In July, Barcelona midfielder Lionel Messi and his father were sentenced to 21 months in prison for tax fraud but were not sent to jail because sentences of less than two years for first offences are usually suspended in Spain.
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Sana ur Rehman

Hi. I’m Sana ur Rehman Designer of This Blog. I’m CEO/Founder of Pak Zest. I’m Creative Art Director, Web Designer, UI/UX Designer, Interaction Designer, Industrial Designer, Web Developer, Business Enthusiast, StartUp Enthusiast, Speaker, Writer and Photographer. Inspired to make things looks better.

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