Arsenal star admits committing tax fraud
Arsenal forward Alexis Sanchez had admitted to committing tax fraud in Spain.
Sanchez spent three years with La Liga giants Barcelona before joining Arsenal, and it has come back to bite him in the rear end.
Sanchez’s tax problems were initially revealed by Spanish paper El Periodico in November. He was accused of defrauding the Spanish Treasury for €983,443.
This made Sanchez the fifth player connected to Barcelona to be hit with dodgy tax-related stories. The others include Lionel Messi, Samuel Eto’o, Adriano and Javier Mascherano.
The Chilean attacker received large sums of money for image rights when he joined Barcelona from Serie A outfit Udinese, which he would have been ordered to pay incoming tax on.
But claims suggest Sanchez avoided paying any tax by “simulating” the transfer of his rights to an off-shore shell company in Malta called ‘Numidia’. Alexis Sanchez owned 99% of the shares in Numidia.
So, during a court case early on Monday, Sanchez admitted his wrongdoing through a video link (the Arsenal star was not in attendance).
Moreover from the damning tax evasion, it was then confirmed that Sanchez has already repaid the money to the Spanish Treasury making it unlikely that he will have a trial in respect of this incident.
The most likely outcome would be a further fine so Sanchez can count himself lucky. No more dodgy business, eh?