TOP STORIES - FC Porto of Portugal suspected of tax fraud

23.11.2021 13:20 of A.R. TransferMarketWeb   see readings
TOP STORIES - FC Porto of Portugal suspected of tax fraud
TRANSFERmarketWEB.com
© photo Antonello Sammarco/Image Sport

As part of an investigation into suspicions of tax evasion linked to player transfers and financial circuits involving agents in these transactions, the Portuguese justice carried out 33 searches on Monday, mainly in Lisbon and Porto.

Dozens of searches carried out in "business premises, including a sports company and a banking establishment, as well as several residences", the Portuguese prosecution said in a press release.

Main club targeted? FC Porto, suspected of tax fraud, fraud, but also breach of trust and money laundering. The investigation is currently focusing on commission payment transactions of more than 20 million euros.

To illustrate this research, the transfer of the Brazilian international Eder Militao to Real Madrid, in the summer of 2019, for the sum of 50 million euros, is particularly questioning. With this in mind, the current president of the Dragons, Jorge Nuno Pinto da Costa, and his son, Alexandre Pinto da Costa, would have been the subject of searches. Case to be continued.