Updated: Thursday, 13 March 2014 18:05 | By Agence France-Presse

Prosecutors seek over 5 years' jail for Bayern Munich president

German prosecutors demanded five and a half years in jail Thursday for Bayern Munich boss Uli Hoeness for evading millions in taxes.

Prosecutors seek over 5 years' jail for Bayern Munich president

Defendant Uli Hoeness, the president of German soccer club FC Bayern Munich, arrives in the courtroom for the fourth day of trial at the Palace of Justice in Munich, Germany, 13 March 2014 - by Christof Stache

Prosecutor Achim von Engel sought the prison sentence on the day a verdict was expected in a trial that has captivated football-obsessed Germany this week.

Hoeness, 62, has admitted to evading 27.2 million euros ($37.6 million) in taxes by hiding his wealth in Swiss bank accounts while obsessively "gambling" on stocks and currencies.

However, his defence lawyers argue he should escape punishment because he turned himself in to authorities in January last year.

The key question in his trial is whether the self-reporting was valid and complete and therefore qualifies him for reduced penalties.

Prosecutors argue that he only provided information that was useful for tax authorities in the weeks before the trial.

Interest has been huge in the case, with people queueing outside the courtroom from early morning to get a seat in the visitors gallery.

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