Sunday, March 16, 2014

Buyern Boss Jailed For Tax Evasion

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President of European Football Champions, Bayern Munich, Uli Hoeness has been sentenced by a German court to three years and six months in jail for tax evasion.
Mr. Hoeness admitted defrauding German tax authorities of millions of Euros and had kept the funds in a secret Swiss bank account.
His lawyer had argued he should escape punishment because he gave himself up. But judges ruled his confession fell short of full disclosure.
Hoeness was initially charged with evading 3.5m euros (£2.9m; $4.9m) in taxes but he then admitted to dodging another 15m Euros.
It finally emerged in court that he owed a total of 27.2m Euros.
On Thursday the court in the southern city of Munich found Hoeness guilty of “seven serious counts of tax evasion”.
“The voluntary disclosure is not valid with the documents that were presented alone,” the judge said.
The defence said it would appeal against the sentence. Meanwhile Hoeness will remain free until a final verdict has been handed out.
Prosecutors had called for a term of five years and six months.
Bayern Munich fans were gathered outside the court building, holding up banners expressing support for the football boss.

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