Brazil court freezes almost $50 million in Neymar assets

Published September 26, 2015
Brazil's forward Neymar celebrates after scoring during a group match against Cameroon at the Mane Garrincha National Stadium in Brasilia on June 23, 2014. — AFP/File
Brazil's forward Neymar celebrates after scoring during a group match against Cameroon at the Mane Garrincha National Stadium in Brasilia on June 23, 2014. — AFP/File

RIO DE JANEIRO: A Brazilian court has frozen assets of Barcelona star Neymar, his family and related businesses valued at $48 million.

The Sao Paulo federal court said Friday that the 23-year-old is alleged to have evaded almost $16 million in Brazil taxes between 2011 and 2013.

He moved in 2013 from Brazilian club Santos to Spain's Barcelona.

In a statement, Judge Carlos Muta said Neymar only declared assets worth a little less than $5 million. However, Iagaro Jung Martins, an auditor with Brazil's federal tax agency, said that Neymar isn't 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 said. “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.”

Neymar's father Neymar da Silva Santos, who serves as the player's business manager, called the charges “unjust”.

“Neymar Jr. is not a partner in any of those companies and, therefore, he cannot declare something he does not own,” he said.

The elder Neymar said that Brazil's tax agency “doesn't understand” his son's tax obligations. His father also said his son's case had yet to be heard by the court.

In May, a Spanish court alleged Barcelona club president Josep Bartomeu and his predecessor Sandro Rosell evaded millions in taxes after signing Neymar.

Opinion

A state of chaos

A state of chaos

The establishment’s increasingly intrusive role has further diminished the credibility of the political dispensation.

Editorial

Bulldozed bill
Updated 22 May, 2024

Bulldozed bill

Where once the party was championing the people and their voices, it is now devising new means to silence them.
Out of the abyss
22 May, 2024

Out of the abyss

ENFORCED disappearances remain a persistent blight on fundamental human rights in the country. Recent exchanges...
Holding Israel accountable
22 May, 2024

Holding Israel accountable

ALTHOUGH the International Criminal Court’s prosecutor wants arrest warrants to be issued for Israel’s prime...
Iranian tragedy
Updated 21 May, 2024

Iranian tragedy

Due to Iran’s regional and geopolitical influence, the world will be watching the power transition carefully.
Circular debt woes
21 May, 2024

Circular debt woes

THE alleged corruption and ineptitude of the country’s power bureaucracy is proving very costly. New official data...
Reproductive health
21 May, 2024

Reproductive health

IT is naïve to imagine that reproductive healthcare counts in Pakistan, where women from low-income groups and ...