AVN 65.45 Increased By ▲ 0.50 (0.77%)
BAFL 30.65 Decreased By ▼ -0.86 (-2.73%)
BOP 4.83 Increased By ▲ 0.04 (0.84%)
CNERGY 3.72 Decreased By ▼ -0.12 (-3.13%)
DFML 14.26 Decreased By ▼ -0.15 (-1.04%)
DGKC 41.06 Decreased By ▼ -0.54 (-1.3%)
EPCL 46.56 Decreased By ▼ -0.14 (-0.3%)
FCCL 11.35 Increased By ▲ 0.06 (0.53%)
FFL 5.03 Decreased By ▼ -0.02 (-0.4%)
FLYNG 5.78 Decreased By ▼ -0.04 (-0.69%)
GGL 10.28 Decreased By ▼ -0.17 (-1.63%)
HUBC 67.03 Increased By ▲ 1.39 (2.12%)
HUMNL 5.68 Increased By ▲ 0.02 (0.35%)
KAPCO 27.85 Increased By ▲ 0.10 (0.36%)
KEL 2.19 Increased By ▲ 0.04 (1.86%)
LOTCHEM 24.83 Increased By ▲ 0.48 (1.97%)
MLCF 21.37 Decreased By ▼ -0.11 (-0.51%)
NETSOL 84.20 Decreased By ▼ -0.59 (-0.7%)
OGDC 85.94 Decreased By ▼ -1.31 (-1.5%)
PAEL 11.01 Increased By ▲ 0.03 (0.27%)
PIBTL 4.17 Decreased By ▼ -0.05 (-1.18%)
PPL 74.56 Decreased By ▼ -1.14 (-1.51%)
PRL 13.40 Decreased By ▼ -0.25 (-1.83%)
SILK 0.92 Increased By ▲ 0.03 (3.37%)
SNGP 40.44 Decreased By ▼ -0.89 (-2.15%)
TELE 5.86 Increased By ▲ 0.01 (0.17%)
TPLP 15.42 Decreased By ▼ -0.22 (-1.41%)
TRG 111.63 Decreased By ▼ -0.07 (-0.06%)
UNITY 13.76 Decreased By ▼ -0.22 (-1.57%)
WTL 1.14 Decreased By ▼ -0.02 (-1.72%)
BR100 4,037 Decreased By -26.9 (-0.66%)
BR30 14,412 Decreased By -56.6 (-0.39%)
KSE100 40,471 Decreased By -262.4 (-0.64%)
KSE30 15,163 Decreased By -67.2 (-0.44%)
Follow us

BARCELONA: Brazil forward Neymar will stand trial next week on fraud and corruption charges over his transfer to Barcelona from Santos in 2013 and the complainant, Brazilian investment firm DIS, said on Thursday it was demanding a five-year jail term.

Along with Neymar, the defendants in the trial being brought by Spanish prosecutors, which begins in Barcelona on Monday, are his parents, the two clubs, former Barca presidents Josep Maria Bartomeu and Sandro Rosell, and former Santos president Odilio Rodrigues.

The case stems from a complaint by DIS, a Brazilian company that owned 40% of the rights to Neymar when he was at Santos. It argues it lost out on its rightful cut from the transfer because the true value of the deal was understated.

Neymar has denied the allegations but lost an appeal in Spain’s High Court in 2017, which paved the way for the trial.

Reuters has contacted representatives for Neymar and his parents for comment.

Rosell has also previously denied any wrongdoing. His representatives did not respond to a request for comment.

Barcelona and lawyers representing Bartomeu declined to comment on the case. Santos did not immediately respond to a request for comment and Rodrigues could not be immediately reached.

DIS is also requesting jail terms for Rosell and Bartomeu, and a 149 million euros ($144 million) fine.

Spanish prosecutors want a two-year prison term for Neymar and the payment of a 10 million euros fine and a five-year jail term for Rosell plus an 8.4 million euros fine for the Spanish club.

DIS acquired 40% of Neymar’s rights when he was aged 17 in exchange for 2 million euros. It argues that the player’s sale to Barcelona was well below his real market value.

Barcelona said at the time of Neymar’s move that the transfer figure was 57.1 million euros, of which 40 million was paid to Neymar’s family.

DIS received a 40 percent share of the remaining 17.1 million that was paid to Santos.

“Neymar’s rights have not been sold to the highest bidder. There were clubs that offered up to 60 million euros,” DIS lawyer Paulo Nasser told a news conference in Barcelona on Thursday.

The court in Barcelona where the trial will be held said Neymar will have to appear in-person on Monday for the first day but it is unclear if he will be asked to stay for the whole hearing that could go on for two weeks.

Neymar, his parents, Rosell and Bartomeu will start their testimony next Friday.

Comments

Comments are closed.

Neymar faces five-year jail-term request in corruption and fraud trial

Dar hits out at Imran Khan’s ‘irresponsible tweet’ about current govt

Alluding to PTI, PM asks where Rs417bn spent?

Govt says ‘will have to’ agree to IMF conditions

PTI chief won’t attend APC: Umar

US allows seized Russian money to go to Ukraine aid: report

Industry yet to export any amount of sugar

RDA: pace of growth slightly lower

‘Rules’ allow banks to seek asset details of civil servants

Likely output dip in Feb, Mar: Indus Motor offering full refund with interest to customers

Imran steps up criticism of PDM govt