Court freezes Neymar assets including yacht, jet

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February 17, 2016
Neymar

SAO PAULO (AP):

Brazilian authorities have blocked assets of Barcelona star Neymar, including a yacht, a jet and several properties worth almost US$50 million.

A Sao Paulo federal court rejected an appeal from the Brazilian striker last week and started issuing warrants to freeze the assets, Brazilian media reported on Monday.

Last year, Neymar, his family and related businesses were found guilty of evading almost US$16 million in taxes between 2011 and 2013 when he was playing for Brazilian club Santos. He has denied any wrongdoing.

go to jail

The 23-year-old Neymar used the jet to travel to Brazil for World Cup qualifying matches and holidays.

Iagaro Jung Martins, an auditor with Brazil's federal tax agency, told The Associated Press that Neymar isn't likely to go to jail if he pays what regulators say he owes.

"He can still appeal that decision, but it is a step forward," Martins told the AP. "Nothing changed to what was in place last year: if he pays what he owes, the case is closed. Our legislation isn't too harsh."

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