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Spanish Court fines Shakira 7.3 Million Euros in Tax Fraud Case

Colombian superstar singer Shakira is set to pay a fine of over 7.3 million euros ($7.98 million) as part of a deal with Spanish prosecutors to avoid trial for tax fraud.

Under the deal, Shakira also agreed to receive a three-year suspended sentence, as part of a plea to skip a court trial.

Prosecutors had accused the superstar of defrauding the Spanish state of 14.5 million euros ($15.7 million) on income earned between 2012 and 2014, charges Shakira had denied, saying she only moved to Spain full-time in 2015.

After the agreement was reached, Shakira issued a statement, saying she said agreed to settle for the sake of her two sons, Milan and Sasha.

ā€œI need to move past the stress and emotional toll of the last several years and focus on the things I love ā€“ my kids and all the opportunities to come in my career, including my upcoming world tour and my new album,ā€ she said in the statement issued by her lawyers.

ā€œI admire tremendously those who have fought these injustices to the end, but for me, today, winning is getting my time back for my kids and my career.ā€

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