Close  

Court moves closer to indicting Spanish princess

/ 05:39 PM June 25, 2014

In this Feb. 8, 2014 file photo, Spain’s Princess Cristina leaves the courthouse of Palma de Mallorca in Palma Mallorca, Spain after being named as a fraud and money laundering suspect. A Spanish judge on Wednesday June 25, 2014, has moved closer to indicting Princess Cristina, sister of newly proclaimed King Felipe, in a tax fraud and money laundering investigation centering on her husband. Wrapping up a four-year pre-trial investigation, Palma de Mallorca investigative magistrate Jose Castro kept Cristina on the list of suspects he thinks should stand trial, in her case for money laundering and tax fraud cooperation.  AP

MADRID — A Spanish judge moved closer Wednesday to indicting Princess Cristina, the sister of newly proclaimed King Felipe VI, in a corruption and embezzlement investigation centering on her husband.

Wrapping up a four-year pre-trial investigation, Palma de Mallorca investigative magistrate Jose Castro kept her on a list of suspects he thinks should stand trial.

ADVERTISEMENT

He said Cristina is suspected of two counts of cooperation in tax fraud and one of money-laundering. The judge said her husband, Inaki Urdangarin, is accused of embezzlement and fraud. Neither has been formally charged.

Prosecutors and defendants will study the ruling and present their accusations or arguments. The judge will then decide what indictments to issue, a step not likely to occur before September.

The state prosecutor has long opposed having Cristina as a suspect and has said he will appeal Castro’s ruling.

The case centers on allegations that Urdangarin used his Duke of Palma title to embezzle some 6 million euros ($8 million dollars) in public contracts through the Noos Institute, a nonprofit foundation he and a business partner set up that channeled money to other businesses, including Aizoon, a company he owned with Cristina.

The decision in the case comes less than a week after Cristina’s elder brother, Felipe, was proclaimed king following the abdication of his father Juan Carlos.

The 76-year-old Juan Carlos said he was stepping aside after a four-decade reign so younger royal blood could energize the country.

But the fraud case involving his daughter and other scandals had seriously tarnished the royal family’s image.

Cristina, 49, became the first Spanish royal to be questioned in court since the monarchy was restored in 1975 when she testified in the case in February.

Commenting on the judge’s decision, the Royal Palace would only say it had “full respect for the independence of the judiciary.”

ADVERTISEMENT

RELATED STORIES

Court moves closer to indicting Spanish princess 

Spain’s new King Felipe VI faces divided kingdom

 

Read Next
LATEST STORIES
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: hierarchy, Juan Carlos, King Felipe VI, Palma de Mallorca, Princess Cristina, Spain
For feedback, complaints, or inquiries, contact us.
sports

Abando, Chabi Yo lift UST over NU in OT

September 15, 2019 04:40 PM

newsinfo

Camarines Sur village chief survives gun attack

September 15, 2019 03:59 PM

newsinfo

Some domestic flights canceled due to bad weather

September 15, 2019 03:28 PM



© Copyright 1997-2019 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.