"I have made the decision to finally resolve this matter with the best interest of my kids at heart."
Superstar pop icon Shakira settled her Spanish tax fraud case today, paying $8 million on what would have been the first day of her trial in Barcelona. According to Reuters, Shakira will receive a suspended three-year sentence and pay a fine of 7.3 million euros (approximately $8 million). She is also paying another fine of 432,000 euros (about $472,000) in exchange for having her sentence waived. Back in July, prosecutors said that they were pursuing an eight-year prison sentence in addition to a fine of 24 million euros ($26 million). At today’s court hearing, Shakira "confirmed six counts of failing to pay the Spanish government 14.5 million euros (about $15.8 million) in taxes between 2012 and 2014," Deadline adds.
Shakira issued a statement after the news broke, saying that she was proceeding with a settlement for the sake of her family.
“I have made the decision to finally resolve this matter with the best interest of my kids at heart who do not want to see their mom sacrifice her personal well-being in this fight," she said. "I need to move past the stress and emotional toll of the last several years and focus on the things I love, my kids, and all the opportunities to come in my career.”
Deadline previously reported that Shakira told authorities she was not primarily residing in Spain during the period in question. However, prosecutors claimed that she was “ordinarily resident in Spain between 2012 and 2014 and in May 2012 bought a house in Barcelona.”
For more InStyle news, make sure to sign up for our newsletter!
Read the original article on InStyle.