"In light of the information published in recent days and the certificate released by the Spanish tax agency which shows our player Cristiano Ronaldo is up to date with all his tax obligations, Real Madrid demand the maximum respect for a player like Cristiano Ronaldo, whose behaviour has been exemplary during his entire time at our club," Madrid said in a statement.
An international consortium of media organisations on Friday claimed that a huge data leak involving 18 million documents showed the Portuguese skipper hid 150 million euros (USD 160 million) from image rights in the British Virgin Islands.
"Cristiano Ronaldo has always acted in good faith in this matter, as the fact that he has never been involved in any conflict with the Tax Authorities from any country where he has lived clearly shows," read the Gestifute statement.
Ronaldo is just one of a series of Madrid players to have been accused by the "Football Leaks" investigation into corruption in football.
Also Read
Spanish newspaper El Mundo accused Portuguese defenders Pepe and Fabio Coentrao, also both clients of Mendes, of selling their image rights to companies in the British Virgin Islands and Panama respectively for just one euro.
"Given the information published in the media, I inform that I am up to date with my tax obligations," Pepe said in a statement released on his Instagram page on Tuesday.
"In previous years, I voluntarily and anticipating any requirement on behalf of the tax agency came forward to regulate my income from image rights given the change of criteria used by the Spanish tax office."
Croatian midfielder Luka Modric was also accused by El Mundo on Tuesday of diverting income derived from his image rights to a company registered in Luxembourg.
Disclaimer: No Business Standard Journalist was involved in creation of this content