Ronaldo suspected of tax evasion, hiding $160 million in Central America

Football Leaks website revealed about hiding 160 million dollars in the British Virgin Islands, a land in the Central American region, to avoid Spanish tax.

To evade taxes, according to Football Leaks, Ronaldo, through his agent Jorge Mendes, established a shell company. This company is registered in Road Town, the capital of the British Virgin Islands.Below the headquarters is a pharmacy, and above is the law office of Icaza, Gonzalez Ruiz & Aleman.

"Liz B. knows everything. This young lawyer is an expert in running shell companies, which handle the money of Cristiano Ronaldo as well as other clients of Jorge Mendes, including Jose Mourinho. If the Spanish tax inspector enters the building, he will discover the problem," said Der Spiegel (Germany).

The house is suspected of being the place where a ghost company was registered to help Ronaldo evade taxes.

The British Virgin Islands, a group of about 60 islands in Central America, is an overseas territory of the United Kingdom. The archipelago has only about 30,000 residents, but has 600,000 registered companies. Most of them are shell companies for millionaires to avoid taxes.

According to Der Spiegel, the shell companies on the Islands currently manage a total of about $50 billion in assets. It is no coincidence that this place has become a tax haven. The currency in circulation here is the US dollar, which is very convenient for international monetary activities.

Ronaldo has yet to respond to the tax evasion allegations. His agent, Jorge Mendes, has strongly denied systematically helping clients hide their money.

Ronaldo is facing tax evasion charges. Photo: Reuters

According to VNE