Neymar: Prosecutors drop fraud charges against Brazil and Paris St-Germain forward

Neymar spent four years at Barcelona before moving to Paris St-Germain for €222m (£220m) in August 2017.

The Spanish prosecutor has dropped the corruption and fraud charges against Neymar.

Paris St-Germain and the Brazil striker and others were accused in the trial that brought him from Santos to Barcelona in 2013.

Prosecutors initially sought two years in prison and a €10m (£8.6m) fine for the 30-year-old.

But they announced that they would drop charges “for all allegations against all defendants” they faced.

Other defendants in the case included Neymar’s parents, the two clubs, former Barcelona presidents Josep Maria Bartomeu and Sandro Rosell, and former Santos president Odilio Rodrigues.

Neymar, who denied the allegations, said he did not remember taking part in the negotiations. The deal to move from Santos to Barcelona was agreed in 2011, and ended two years later.

The DIS investment company, which acquired 40% of Neymar’s rights when he was 17 for 2 million euros, has argued that it lost out because the transfer fee was understated. DIS lawyer Paulo Nasser said that there were clubs that offered up to 60 million euros.

Barcelona said the fee at the time of the Neymar move was €57.1m, of which €40m was paid to his family – DIS received a 40% share of the remaining €17.1m paid to Brazilian club Santos.

The Brazilian footballer lost his appeal in the Spanish National Court in 2017, and the trial was brought by the Spanish prosecutor.

DIS asked for a five-year prison sentence for Neymar, as well as a prison sentence for Rosell and Bartomeu, plus a fine of 149 million euros. Prosecutors were asking for a five-year prison sentence for Rosell and a fine of 8.4 million euros for Barcelona, ​​as well as a two-year sentence for Neymar and a fine of 10 million euros.

However, the lawyers representing the Neymar family, Baker McKenzie, have complained that the Spanish courts “do not have the jurisdiction to judge the Neymar family and their company N&N” because the actions were carried out by Brazilian citizens outside Spanish territory.

They also pointed out that the alleged crimes in Brazil were not punishable.

More to follow.