adminMUNICH. — The boss of German football giants Bayern Munich, Uli Hoeness, told a high-profile tax trial yesterday that he hid millions of euros more than authorities thought but denied being a “social parasite”.In a surprise twist, defence lawyer Hanns Feigen said that Hoeness cheated the tax-man out of 18.5 million euros (US$25.5 million) – vastly more than the 3.5 million euros listed in the prosecution brief.
Vowing he wants to come clean on his fiscal wrong-doing, Hoeness told the Munich court that he stashed away the money in a secret Swiss bank account during years of obsessive stock “gambling”.
“I am glad that everything is now transparent and on the table,” the 62-year-old former pro player and businessman, who now faces a possible jail term, said on the first day of his trial. — AFP.
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