Brazil court maintains Neymar asset freeze

Rio de Janeiro, Feb 13 (IANS) A Brazilian judge has upheld a decision to seize assets belonging to star footballer Neymar worth 192.7 million reais (about $48 million).

Friday’s ruling by federal court judge Roberto da Silva Oliveira quashed an appeal against an earlier decision and raised the original figure blocked last September by almost four million reais (around $2.5 million) due to interest, reports Xinhua.

Neymar is accused of evading 63.6 million reais (around $15.9 million) in taxes from 2011 to 2013. Most of the amount relates to Neymar’s controversial transfer to Spanish club FC Barcelona from Santos in 2013.

Last week, Brazilian prosecutors recommended that Neymar face fraud charges for allegedly creating front companies to hide the true value of his income.

The Brazilian case is separate from fraud allegations against Neymar and his father in Spain. Both men denied any wrongdoing during a court appearance in Madrid last week to give evidence about the Barcelona transfer.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here