Fraudster Ronaldo receives 2-year jail sentence in Spain

ronaldoPortuguese footballing legend, Cristiano Ronaldo, faced up to the humiliation of appearing in a Madrid Court this morning to receive a two-year jail sentence for tax fraud.

The 33-year-old Juventus player, who initially had denied all accusations, pleaded guilty to a tax fraud that deprived the Spanish tax department €14.7 million, money due on 2011-2014 image rights income that had been earned but not declared in Spain.

Brexit – swap your Driving Licence now!

bmwThe Foreign Office is advising British people living in EU countries to swap their UK driving licences for a local licence before 29th March 2019 in order to prepare for a no-deal Brexit, writes Sue Fletcher.

The latest advice on the Government’s website states: “If the UK leaves the EU without a deal on 29 March 2019, you will not be able to exchange your driving licence without taking another driving test.”

Oil exploration - ASMAA smells a rat

OilReferendumSMALLIn the last few years and in many circumstances, the only time we can guarantee that there is no disinformation - not to call it lies – coming out of the mouths of politicians, is when they keep their mouths shut. It looks like that once again we are confronted with another blatant example of why politicians have no credibility left, writes anti-oil association, ASMAA

In the last few years and in many circumstances, the only time we can guarantee that there is no disinformation - not to call it lies – coming out of the mouths of politicians, is when they keep their mouths shut.

easyJet moves crew licences and spare parts out of UK

EasyjeteasyJet has delivered a good performance in the quarter with robust customer demand driving passenger and ancillary revenue which is in line with expectations. Underlying revenue per seat was positive, including good ancillary revenue growth. This was offset, as expected, by the impact from last year's one-off revenue benefits, the dilutive impact of flying at Tegel and new accounting standards delaying the recognition of revenue.

Pressure mounts for renationalisation of Portugal's Post Offices

ctt2The prime minister is coming under increasing pressure from party members to put the renationalisation of Portugal’s post office company, CTT, on the electoral agenda.

Voices are now being raised, demanding a share buy-back be listed in the manifesto for the autumn general election.

Caixa Geral directors received huge bonuses despite causing massive losses

caixageral2An EY report covering the most profligate years at Caixa Geral de Depósitos, between 2000 and 2015, outlined the Director’s enviable pay awards despite the State owned bank making heavy losses.

The document is highly critical, especially about the 2000-2008 period, during which, "there was no evidence of the guiding principles of variable remuneration being applied.”

Algarve water company unconcerned at low dam levels

water2The Algarve’s water reserves are higher than a year ago, leading Aguas do Algarve to guarantee, "the public supply in quantity and quality."

Despite the lack of rainfall, the region’s three dams may have more water than a year ago but they are hardly brimming.

'Bungs for burgers' case - Air Force Sergeant 'shocked' by amount of cash he amassed

restaurantThe latest defendant in Operation Zeus, concerning the cash bungs handed out to armed forces’ personnel in exchange for flagrant over-invoicing by bent suppliers, said he felt awful about taking the money but was frightened what would happen if he didn’t.

Sergeant Antonio Paulo is the third defendant to be heard in the corruption case that should end a scheme that has gone on for decades, each subsequent administration of Air Force messes continuing the ‘bungs for burgers’ scheme, claiming they were powerless to stop it.