Modric given suspended prison sentence in tax case News

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Modric given suspended prison sentence in tax case

By Daily Sports on September 23, 2018

The World Cup finalist has been given a suspended sentence plus a fine of just over €348,000

Luka Modric has been given a suspended eight-month prison sentence over alleged tax fraud, it has been confirmed.

The Real Madrid and Croatia midfielder entered a plea of guilty to the accusation of defrauding the treasury of over €870,000 (£784,000/$1m).

Reports in Spain, from El Mundo, claim that Modric first defrauded €290,000 before then using Ivano SARL, a company based in Luxembourg, to take a further €579,000.

Modric paid €1 million at the start of the case, and it has been agreed that he must now pay 40 per cent of the fee that was defrauded, which totals just over €348,000.

A number of high-profile figures in football have been drawn into similar tax cases, with Manchester United manager Jose Mourinho given a suspended one-year prison sentence, as well as a €2m fine.

The Manchester United boss, who spent three years in the Spanish capital, was accused of using offshore company accounts in Ireland, the British Virgin Islands and New Zealand to conceal income from image rights in 2011.

Spanish news outlet El Mundo claims Mourinho reached a deal with tax authorities, with two six-month suspended prison sentences.

•Adapted from a goal.com report. Photo shows Real Madrid Midfielder, Luka Modric

Source Daily Sports

Posted September 23, 2018