Spain’s Treasury agrees to $22.3 million deal with Christiano Ronaldo over tax fraud

Madrid, July 26: Spain's tax agency on Thursday approved an agreement reached between Cristiano Ronaldo, the Public Prosecutor and State lawyers through which the football star is to pay a fine of almost 19 million euros ($22.3) and be sentenced to two years in prison which would be suspended.

Ronaldo, who will reside in Italy as a Juventus player, will not enter prison in exchange for pleading guilty to four cases of tax fraud, reports Efe.

The agreement reached between tax authorities and the player's lawyers was pending the Treasury's approval as it had been the body that brought charges against Christiano. IANS