Portuguese football star Cristiano Ronaldo signed a deal to settle a criminal case over tax evasion, accepting a fine and the suspended jail term in Madrid on Tuesday.
The footballer was found guilty of concealing about 5.7 million euros of income tax from 2011 to 2014, while he was playing for Real Madrid.
READ MORE: Spanish Officials Lop 2 Million Euros Off Ronaldo's Tax Evasion Settlement
The verdict comes after El Mundo reported earlier that Ronaldo could have diverted over $160 million to tax havens to hide money from the Spanish tax authorities.
In 2017, the football star denied accusations that he was hiding income via a business enterprise between 2011 and 2014.
READ MORE: Ronaldo Seeks to Cut All Ties With Spain After Settling Tax Fraud Case — Reports