Capello being probed for tax evasion in Italy

January 17th, 2008 - 4:19 pm ICT by admin  

London, Jan.17 (ANI): England soccer coach Fabio Capello is being reportedly probed by Italian Customs for an alleged undeclared income of 10million euros (7.4-million pounds) - of which 3.3-million pounds would be due in taxes - from his time as manager of Juventus from 2004 to 2006.
Prosecutor Marco Gianoglio said yesterday that Capello could be sentenced to up to three years if convicted, but would escape prison under a current amnesty policy i operation in Italy on shorter sentences, reports The Mirror.
Capello has been told he was under investigation last summer before he was appointed. But Capello, 61, said yesterday: “I have assured the FA my finances are in order and I am not aware of any matters of concern.”
Italian newspaper Il Giornale said prosecutors are investigating offshore companies he set set up with his sons Pier Filippo and Edoardo. It is also understood it also relates to the scandal that rocked Italian football two years ago when Juventus were relegated to Serie B after bribes paid to referees were uncovered.
Gianoglio said: “We hope to have it closed by the summer. From paperwork we have it is possible it could go to court.”
Prosecutors may also look at his time as boss of AC Milan and AS Roma.
Capello’s son and agent Pier Filippo said yesterday: “In Italy this sort of thing happens all the time.”
The FA confirmed he is paid his six-million-pound-a-year salary “personally” rather to off-shore companies. (ANI)

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