Tax Fraud
Ex-Manchester United boss José Mourinho has agreed a prison term in Spain for tax fraud but will not go to jail.
A one-year prison sentence will instead be exchanged for a fine of €182,500. That will be added to a separate fine of €2m.
Spain rarely enforces sentences of less than two years for non-violent or first-time offenders.
He was accused of owing €3.3m to Spanish tax authorities from his time managing Real Madrid in 2011-2012.
Prosecutors said he had created offshore companies to manage his image rights and hide the earnings from tax officials.
MW
A former president of a second-tier Spanish football club who has been under investigation for alleged money laundering has also allegedly concealed a hoard of luxury vehicles and a significant part of his assets, something which has damaged his case so an investigating magistrate said yesterday.
Quique Pina, who was chairman of Granada from 2009-16 and also once a soccer player and later an agent, allegedly tried to conceal an Aston Martin, a Bentley and a Porsche Panamera.
Mafia Drug Bust
Police Yesterday arrested 14 people as part of a joint anti-drugs operation with the Italian Police dealing a blow to a Mafia clan allegedly smuggling hashish from Spain into Italy.
Suspected members of the Marranella clan, a branch of the Neapolitan Camorra, were based in the Costa del Sol and Campo de Gibraltar, from where they used mobile homes with false bottoms to transport drugs to Rome.
Body Found
DIVERS have recovered the body of a man, who was reported missing on Monday, from a water channel near a treatment works on the Costa Blanca.
The police found the body of the 59-year-old man in Orihuela less than a day after he was reported missing by a relative. His vehicle was parked nearby.
The body apparently did not show signs of violence, although an autopsy will determine the cause of death.
Take Over Bid
Investment group Letterone said yesterday it plans to make a 300 million euro takeover bid for Spanish supermarket chain Dia valuing the group at more than 400 million euros.
Letterone, controlled by Russian tycoon Mikhail Fridman, will offer 67 euro cents a share for the 70 percent that it doesn’t already own.
The retailer has lost market share over the last few years.