Bayern Munich chief, Uli Hoeness to serve jail term as prosecutors nix appeal
German football legend and former Bayern Munich boss Uli Hoeness is to go to jail for tax fraud after prosecutors said Monday they would not appeal the verdict.
|Last Updated: Mar 17, 2014, 04:29 PM IST|Source: AFP
Berlin: German football legend and former Bayern Munich boss Uli Hoeness is to go to jail for tax fraud after prosecutors said Monday they would not appeal the verdict.
Public prosecutors said in a statement that they did not plan to contest the three-and-a-half-year prison term handed down last week to Hoeness, 62.
Hoeness was sentenced on Thursday for cheating the state out of 28.5 million euros ($39.5 million) after a four-day trial that riveted football-obsessed Germany.
He admitted hiding his wealth in secret Swiss bank accounts while obsessively "gambling" on stock and currency markets for years before seeking to come clean in return for immunity from prosecution.
After the verdict was handed down, he walked out of the courtroom in the southern city of Munich pending an initially-planned appeal.
But a day later Hoeness announced he would forego appealing the sentence, resigning from his posts as president and board chairman of the champion club where he spent four decades.
The prosecution, which had called for a longer jail term, had also been considering an appeal.
"The Munich II public prosecutor`s office will, in the criminal proceedings against Ulrich Hoeness over tax fraud, not file an appeal against the verdict," its statement said.
No date has been set yet for Hoeness to begin his jail term, but it is expected to start in the next few weeks.
By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
Cookies Setting
By clicking “Accept All Cookies”, you agree to the storing of cookies on your device and the processing of information obtained via those cookies (including about your preferences, device and online activity) by us and our commercial partners to enhance site navigation, personalise ads, analyze site usage, and assist in our marketing efforts. More information can be found in our Cookies and Privacy Policy. You can amend your cookie settings to reject non-essential cookies by clicking Cookie Settings below.
Manage Consent Preferences
Strictly Necessary Cookies
These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work or you may not be able to login.
Functional Cookies
These cookies enable the website to provide enhanced functionality and personalisation. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then some or all of these services may not function properly.
Targeting Cookies
These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They are also used to limit the number of times you see an advert as well as help measure the effectiveness of an advertising campaign. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising.
Performance Cookies
These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we may not know when you have visited our site, and may not be able to monitor its performance.