Colombian superstar Shakira settled her tax evasion suit with the Spanish authorities on Monday, avoiding a trial that was due to start that day. The Grammy-winning singer admitted the charges against her and agreed to pay the amount owed in full and an additional fine, according to a statement released by the Barcelona prosecutor’s office on Monday afternoon.

Prosecutors had asked for a sentence of more than eight years in prison if Shakira were convicted on all six counts of tax fraud. But the settlement said that, instead of prison, she would pay additional fines of about $437 a day for a three-year sentence, or just over $470,000.

Monday’s court proceedings lasted about 10 minutes, during which time the judge announced a last-minute agreement submitted by all parties to avoid trial. Shakira was asked by the judge if she was aware of the deal and the latest fines agreed, to which the singer responded “yes.”

Shakira said in a statement that she “was ready to face trial and defend my innocence,” but came “to the conclusion that it is not a triumph to win if the price is that (they) steal so many years of life.”