Friday 25 September 2015

Court freezes £33.1 millon worth of Neymar's assets


A court in Brazil has frozen £33.1 million worth of Neymar's assets following allegations of tax evasion.

The Sao Paulo federal court alleges that the Barcelona star evaded 63m Brazilian reals (£10.5m) between 2011 and 2013, before his move to La Liga.

The documentation of the case, presided over by Judge Carlos Muta, states Neymar is “solely responsible for his income declaration", and further claims the player only declared assets worth 19.6m reals (£3.2m).

A judicial order explaining the seizure of Neymar's assets indicated that the amount frozen was far in excess of the sum alleged to have been evaded in order to cover for potential interests and fines, and for security purposes.

The assets frozen, including property and vehicles, belong to Neymar as an individual and three companies that he is the principal owner of, along with his father.

The freezing of these assets will not prevent Neymar from being able to access bank accounts and other liquid possessions.

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