Cycling, Oleg Tinkoff: 500 million euro fine for tax evasion

Oleg Tinkov, former owner of the World Tour team in which Alberto Contador, Peter Sagan and Ivan Basso among others raced, was convicted of fraud in the United States. Where they went down with a heavy foot: they fined him 500 million dollars and sentenced him to one year in prison (suspended sentence). Last year Tinkov, founder of Bank Tinkoff (which currently has eight million customers in Russia alone), paid a bond of around £ 20 million to avoid extradition from Britain to the United States. The Russian tycoon, through a false tax return in 2013, according to the prosecution has evaded the tax authorities for about 248 million dollars.