Bayern boss Uli Hoeness sentenced to three years in jail for tax evasion

Image
ANI London
Last Updated : Mar 14 2014 | 9:15 AM IST

Bayern Munich president Uli Hoeness has reportedly been sentenced to three years and six months in jail by a German court for tax evasion.

The former World Cup-winning Germany striker, who admitted to defrauding German tax authorities of millions of euros, had kept the funds in a secret Swiss bank account.

According to the BBC, Hoeness was initially charged with evading 3.5 million euros in taxes but he then admitted to dodging another 15 million euros, following which he was sentenced as the judge ruled that his confession fell short of full disclosure.

The report mentioned that the Munich court found Hoeness guilty of 'seven serious counts of tax evasion' and the judge said that the voluntary disclosure is not valid with the documents that were presented alone.

However, the defence said that it would appeal against the sentence although Hoeness will remain free until a final verdict has been handed out.

Bayern Munich fans gathered outside the court building, holding up banners expressing support for the football boss.

Despite the tax evasion scandal, Hoeness remains a very popular figure at the club he helped build up, and the report added that although he offered his resignation last year but was backed by the supporters and the club's board.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 14 2014 | 9:02 AM IST

Next Story