New Delhi, May 18 -- Spain's High Court has acquitted Colombian pop star Shakira of tax fraud and overturned a multi-million euro penalty imposed by the country's tax authorities, marking a significant legal victory for the singer after years of scrutiny over her finances and residency status.

According to court documents seen by Reuters, the court ruled in favour of the singer's appeal against a 2021 decision by Spain's tax agency, which had fined her 55 million euros, equivalent to roughly $64 million. The judges also ordered Spain's Treasury to reimburse Shakira more than 60 million euros, including interest payments, bringing the total repayment to more than $70 million.

The ruling centres on whether the singer met the legal thresho...