Bayern president jailed for £22m tax fraud

Bayern Munich president Uli Hoeness has been sentenced to three and a half years in jail for a tax fraud calculated to have cost the German authorities more than €27m (£22.5m)

The amount in fraud is nine times as much as the former World Cup player originally admitted.

Two days after he saw his club defeat Arsenal to go through to the next round in the Champions League, Hoeness was back in court in Munich to hear the judge’s sentence in his case, which centred on millions of euros he made as a result of more than 50,000 stock market dealings between 2001 and 2010.

Hoeness was said to have conducted most of his deals via a hand-held pager, often during matches or boardroom meetings, hiding his gains in a secret Swiss bank account.

He was initially charged with evading €3.5m (£2.9m) of taxes, and then told the authorities before the trial that the true total was €18.5m (£15.4m).

It finally emerged in court that he owed a total of €27.2m (£22.6m).

While Hoeness had made a disclosure, the court ruled that this was not valid, because of irregularities in the documents presented and the fact that the German tax authorities had already began an investigation into his affairs.

The court found Hoeness guilty of ‘seven serious counts of tax evasion’, with a sentence of three years and six months in prison.

The defence had sought a suspended sentence and now has a week to appeal against the verdict.

Hoeness's defence lawyer repeatedly emphasised his client’s support for social causes, and for former players at the club who were experiencing personal or health problems.

Pat Sweet |Reporter, Accountancy Daily [2010-2021]

Pat Sweet was the former online reporter at Accountancy Daily and contributor to the monthly Accountancy magazine, pub...

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