The owner of Valencia, Peter Lim, under investigation for 23 million euros in alleged tax fraud

Majority shareholder of Meriton Holdings Peter Lim is under investigation for tax fraud, according to the latest in Valencia. Lim and Meriton Holdings also have a majority stake in Valencia.

One of the most consistent opponents of Lim's leadership, Miguel Angel Zorio, announced that Lim is under investigation for money laundering, dishonest administration and document falsification. Ace for ReliefZorio said the tax office was investigating the documents he had provided, claiming that Meriton Holdings was paid €23m between 2022 and 2023 by the club for services not provided.

Zorio says there is no evidence of the 17.2 million euros in 2022 and 6.147 million euros in services in 2023, and also points to the fact that president Layhoon Chan has not declared any income in Spain. Valencia he also made 3 million euros in business with a Chinese bazaar in six months of 2023, which Zorio believes is suspicious. The services that Meriton paid were not shown in Valencia's accounts for those years, according to him.

Valencia did not comment publicly on the matter, but noted that both the League and auditors Ernst and Young looked at their accounts in the two years, and it would be difficult to pass a false accounting.

For several years, Valencia fans have been desperate for Peter Lim to sell the club, and Zorio has a long campaign to get rid of him, which so far has not been successful. In recent weeks, the president of the League, Javier Tebas, has supported Lim, stating that the club is not mismanaged, but just adapting to the reality of its finances.