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

Football Leaks revealed that $160 million was hidden in the British Virgin Islands, a territory in Central America, to avoid Spanish tax authorities.

To evade taxes, according to Football Leaks, Ronaldo established a shell company through his agent Jorge Mendes. 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 inspectors entered the building, they would discover the problem," said Der Spiegel (Germany).

The house is suspected of being the place where the ghost company that helped Ronaldo evade taxes was registered.

The British Virgin Islands, a group of about 60 islands in Central America, is an overseas territory of the United Kingdom. The islands have a population of only about 30,000, but are home to 600,000 registered companies. Most of them are shell companies that millionaires can use to evade taxes.

According to Der Spiegel, the shell companies on the archipelago 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 money.

Ronaldo is facing tax evasion charges. Photo: Reuters

According to VNE