Shakira reaches settlement to avoid $15 million tax fraud trial in Spain

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Barcelona: Colombian pop star Shakira on Monday reached a settlement with prosecutors to avoid a trial in Barcelona over charges she failed to pay 14.5 million euros ($15.7 million) in Spanish income tax between 2012 and 2014...

As part of the deal, she accepted the charges and a fine of 50% of the amount owed, more than 7.3 million euros...

She also accepted another fine of 438,000 euros to avoid a three-year prison sentence, the judge said during the trials first hearing...

Previously, the Hips Dont Lie singer, who also has a second tax fraud investigation pending with Spanish authorities, had vowed to fight what she called false accusations...

Spanish authorities have pursued other major celebrities over tax evasion including soccer players such as Portugals Cristiano Ronaldo, Argentinas Lionel Messi and Brazilian-Spanish player Diego Costa..

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