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Barca star Neymar has €45 million in assets frozen amid ongoing tax probe

Updated: Tuesday, 16 Feb 2016 19:21 | Comments

Neymar celebrating on the pitch for Barcelona recently despite his off-field problems
Neymar celebrating on the pitch for Barcelona recently despite his off-field problems

A federal court in Brazil has frozen assets worth nearly €45 million belonging to Barcelona striker Neymar.

Those assets blocked by a judge in Sao Paolo include a yacht, a jet, a number of properties and companies.

The move was taken as the 24-year-old Brazil international is accused of tax evasion between 2011 and 2013.

The court froze €42 million in assets last September but Neymar had been free to use those assets until now. Officials also corrected the amount to €43.6 million.

"Official documents were sent to several entities such as port authorities, offices that register properties, and civil aviation authorities," the judge said in a statement. This means Neymar can no longer use those assets.

An appeal to block the footballer's future earnings was rejected, however.

Among the assets frozen are three companies of which he and his father are the principal owners. Prosecutors accuse Neymar of setting up companies as fronts in order to pay a lower rate of tax.

Neymar is accused of not paying €14 million in taxes between 2011 and 2013.

The judge froze three times that amount for security reasons and to cover potential interest and fines, according to a judicial order explaining the seizure.

Neymar's total assets were given as €55 million. The player continues to deny any wrongdoing.

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