Samuel Eto is having a bad day as the Cameroonian footballer faces a 10 year jail sentence due to fraud charges amounting to about 14.3 million Euros which he also supposed to pay based on a court filing revealed Thursday.
The charges against Eto come in full as he is suspected for setting up font companies from 2006 to 2009 so as to avoid paying taxes.
This all happened while he was still at Barca before leaving for Inter Milan. The fraud is said to amount to some 3.9 million euros.
Samuel Eto’o risks 10-year jail sentence for fraud
The prosecutors of the case say Eto diverted the income to a Hungarian based company which wasn’t taxed in Spain and benefited from the eastern European country’s low tax rate.
“The footballer pretended he had ceded his rights to two other companies in Hungary and Spain so as to fraudulently avoid paying taxes,” they added in accusations seen by AFP calling for Eto’o to be tried.
The money put in the Spanish firm, meanwhile, was taxed at a lower rate as it came under the regime of company — rather than income — taxation.
This hasn’t been the first time we have heard of such allegations from the Barcelona camp. Just a few months back Argentine superstar Lionel Messi, fellow countryman Javier Mascherano, as well as Brazil’s Adriano and Chile’s Alexis Sanchez, have been subject to similar allegations linked to image rights.
Messi and his father were sentenced in July to 21 months in jail for tax fraud, which they are still appealing.
Other news: Wayne Rooney Breaks Record In Europa League
Author: Allan Bangirana
Allan Bangirana is a freelance writer for Newslibre & Spur Magazine. He is passionate about tech, games and occasionally writes about entertainment, lifestyle and so much more.