News, Jorge Lorenzo’s name appears in a tax evasion investigation in Spain

Jorge Lorenzo’s name also appears in the records gathered by the Spanish Supreme Court, which is investigating an offshore network called Red Charisma, which has made it possible to move large amounts of money between banks in order to evade taxes.

It was the Spanish newspaper El Confidencial that quoted Lorenzo’s name in the investigation. The Spanish champions are said to be using a system to move their wealth between Andorra, Monaco and Switzerland. According to the investigation, that would be just under 850,000 euros.

During the investigation period, Jorge was tax domiciled in London, then he was relocated to Andorra and finally to Switzerland. El Confidencial recalled that Lorenzo had already been subjected to tax controls by the Spanish tax authorities in recent years, most recently in 2019 when he was charged with 40 million euros for non-payment of taxes in Spain between 2013 and 2016.