bayern football boss to face tax trial
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Bayern football boss to face tax trial

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Bayern football boss to face tax trial

Berlin - Arab Today

German football legend Uli Hoeness, boss of champion club Bayern Munich, will face a high-profile tax evasion trial from Monday, accused of having stashed away millions in Switzerland. The folksy 62-year-old Bavarian club president, who also runs a flourishing sausage company, was arrested and bailed almost a year ago in a scandal that rocked German sport and politics. He will face seven charges of evading 3.5 million euros ($4.8 million) in taxes, according to Munich daily Sueddeutsche Zeitung, quoting from the still-secret prosecution case. Hoeness has stayed on so far as president of the European champions, amid expressions of loyalty from fans, players and corporate sponsors such as Adidas, Audi, VW and Deutsche Telekom. But a conviction would likely spell the end of his illustrious football career and possibly a stint in jail, the usual punishment in Germany for tax evasion above one million euros. Hoeness has spent more than four decades with the Bavarian sporting giants -- first as player, helping win then West Germany the 1974 World Cup, then as team manager and, since 2009, as club president. Since the tax scandal broke, Hoeness -- long a TV chat show regular outspoken about his conservative political views -- has admitted to having been a compulsive stock market "gambler". He said he received a 20 million deutschmark (10.2 million euro) loan "for gambling" in his Swiss bank account in 2001 from the late Robert Louis-Dreyfuss, then chief of club supplier and shareholder Adidas, the sportswear company. "At times I was trading day and night with sums that are hard for me to comprehend today, sometimes the amounts were extreme," Hoeness told German media about his online trading years, which he said came to an end when he took major losses from 2006 and then amid the global economic crisis. - Merkel voiced 'disappointment' - In 2011 Berlin and Bern agreed on steps to tax Germans' wealth hidden in Swiss bank accounts by early 2013. However the German opposition in late 2012 torpedoed a measure to allow anonymous settlements with one-off payments, arguing that these would unfairly grant criminal amnesty to tax dodgers. Hoeness has said he turned himself in to tax authorities on January 17 last year over an unspecified amount of unpaid taxes. At the time some German media were already reporting on the tax troubles of an unnamed football official. Prosecutors are expected to argue that the self-reporting contained irregularities and is invalid because authorities already had Hoeness in their crosshairs at the time. On March 20, police searched Hoeness' lakeside villa, presented him with an arrest warrant but released him on five million euros' bail, in an operation that was only made public by a news magazine the following month. Despite widespread criticism of Hoeness -- including from Chancellor Angela Merkel who voiced "disappointment" -- his initial offer to resign in May was rejected by the supervisory board of the powerhouse club. Charges were laid in July but not publicly released. Under German tax law, they remain secret until they are read out in court. The trial is scheduled to last four days, with a verdict expected as early as Thursday. The maximum punishment for major tax fraud is 10 years jail, but shorter terms which can be suspended are far more common. Public interest in the case has been intense -- the 49 allocated media spots to cover the trial were filled within 27 seconds, Munich's higher regional court said. Hoeness has said he will seek to convince the judge of his innocence. "I am still of the opinion that my (tax) advisor's work was okay and the verdict must reflect that," he said in a December interview. Early this year he told Bayern fans: "I don't want to make myself into some sort of a saint, everyone knows that I made a big mistake. But I don't think that I have become a bad person." Source: AFP

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bayern football boss to face tax trial bayern football boss to face tax trial

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bayern football boss to face tax trial bayern football boss to face tax trial

 



GMT 16:17 2018 Thursday ,30 August

Five Saudi women pilots granted GACA licences

GMT 05:06 2024 Tuesday ,06 February

New hunt for flight MH370 gets under way

GMT 16:10 2012 Tuesday ,20 March

Abdullah Al-Ruwaished denies marriage rumours

GMT 07:30 2012 Thursday ,12 January

Retailers stay open till midnight

GMT 16:51 2017 Saturday ,22 July

Suspects with terror links arrested

GMT 06:22 2012 Wednesday ,01 February

Egypt revolution’s broken promises

GMT 15:20 2017 Sunday ,07 May

2 arrested for possessing narcotics in Oman

GMT 14:27 2012 Tuesday ,02 October

The once known Yemen no longer exists

GMT 16:28 2017 Friday ,01 September

Saudi Arabia condemns suicide bombing in Algeria

GMT 12:53 2012 Tuesday ,16 October

The two faces of Kuwait

GMT 19:10 2012 Thursday ,29 November

No solution without reconciliation

GMT 04:58 2013 Wednesday ,10 April

Agriculture blamed in ocean \'Dead Zone\'
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice