Court freezes Neymar’s assets worth €42m

A Brazilian court has frozen assets of Neymar, his family and related businesses valued at 188.8 million Brazilian reals ($48 million, €42 million).

On Friday, the Sao Paulo Federal Court, revealed that the Barcelona forward allegedly evaded paying 63 million reals in Brazil taxes (almost $16m or €14m) between 2011 and 2013.

Judge Carlos Muta explained that the 23-year-old only declared assets worth 19.6 million reals (a little less than $5m).

He added that Neymar “is solely responsible for the income declaration.”

The court subsequently ordered the freezing of Neymar Sr., as well as the following companies: Neymar Sport e Marketing, N & N Consultoria Esportiva e Empresarial and N & N Administração de Bens Participações e Investimentos.

However, Iagaro Jung Martins, an auditor with Brazil’s federal tax agency, said that Neymar is not likely to go to jail if he pays what he owes.

“He will be able to discuss the frozen assets in a civil court,” Martins told The Associated Press.

“But legislation in Brazil isn’t too harsh. If Neymar pays what he owes, he is very likely to be free from any other punishment.” .

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