Shakira, the renowned Colombian singer, reached a crucial agreement with Spanish prosecutors, admitting to tax fraud.
She agreed to pay nearly $8 million in fines to avoid imprisonment.
In a hearing in Barcelona, Shakira confirmed her guilt and accepted the penalties, thus preventing a potential jail term.
The penalty imposed is half the total fraud amount attributed to her by the Spanish Tax Agency.
Moreover, the judgment includes a three-year suspended prison sentence after paying an additional $472,000. This decision allows Shakira to avoid the media spotlight . . .