Brazilian footballer Neymar, currently playing forward for Barcelona, is under investigation in his home country for tax evasion, a media report said on Saturday.
The charges arose from the player's controversial trade from Brazilian team Santos to the Spanish club for an undisclosed sum, Brazilian weekly magazine Epoca reported in its Friday edition.
On April 7, according to the magazine, federal prosecutors in the city of Santos ordered an audit of all assets owned by the footballer, one of the stars of Brazil's national team, and his father Neymar Santos Silva, Xinhua news agency reported.
Officials could confiscate part of those assets if their suspicions are confirmed.
The magazine said investigators in Spain have uncovered that Barcelona paid 86.3 million euros for Neymar, while the club earlier said it had paid 57 million euros in a bid to pay less taxes on the deal.
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