Manchester United's latest recruit Alexis Sanchez was on Wednesday handed a 16-month prison sentence for tax fraud during his time at Barcelona.
The Chilean admitted defrauding Spanish tax authorities of $1,249515 from image rights during his time with the Catalan football giants, reports mirror.co.uk.
The 29-year-old has been fined $728,883 and will also repay the money to the authorities. He will however avoid a jail sentence if he does not commit a crime in the next two years.
The Chilean had set up a Maltese company called Numidia Trading in a tax avoidance scheme to stop paying on his image rights deals between 2012 and 2013.
The former Barcelona star was represented in court by the same lawyer who defended his former teammate Javier Mascherano on similar charges.
--IANS
sam/bg
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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