Brazilian Authorities Freeze Neymar’s Assets Over Alleged Tax Evasion
Barcelona forward, Neymar Jr has been embroiled in a tax evasion case since making the switch to the Spanish club. Investigations are ongoing in Brazil over allegations of tax evasion as well as the manner of his transfer to Barcelona.
He is alleged to have colluded with his father to evade tax payments of up to $16 million between 2011 and 2013. Brazilian authorities have frozen Neymar’s some of his assets worth about $50 million.
Neymar’s personal yacht, jet, bank accounts, and properties in six Brazilian cities have all been seized although it is fairly certain that Neymar will appeal the decision.
His appeal was turned down by a federal court judge just last week as authorities insist on Neymar paying up the said amount.