dglobalnews.com Spanish princess not guilty in fraud case
Published: Sun, February 19, 2017
Research | By Kayla Price

Spanish princess not guilty in fraud case

He and his former business partner Diego Torres are accused of embezzling about six million euros ($6.4 million) in public money that was paid to the Noos Institute to organise events.

The case began in 2010 and is the first in which a member of Spain's royal family stood accused.

Cristina's husband, Inaki Urdangarin, was sentenced to 6 years and 3 months in prison on charges of fraud and tax evasion, the authorities said in a statement on their website.

Despite her acquittal she has to pay a €265,000 fine as she has a civil responsibility for benefiting from the crime, even if she was unaware of the misdemeanour.

Prosecutors said Urdangarin had used his royal connections to win public contracts to put on events through the Noos Foundation, then overcharged for the events and hidden millions of euros in proceeds overseas.

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Spain's Princess Cristina and her husband, former Olympic handball player Inaki Urdangarin, leave the courtroom past year after a hearing in a landmark corruption trial on the Spanish Balearic island of Mallorca.

The sentencing brings an end to a yearlong trial and closes one chapter of a royal family feud that has lasted more than three years, according to the New York Times.

Urdangarin, a former Olympic handball player, was sentenced on charged related to using his royal connections to generate business income for private spending.

The couple, who have lived in Switzerland with their four children since 2013, have always denied any wrongdoing. The case centered on transfers made to Noos that first surfaced in 2006 when complaints were made about a 1.2 million-euro ($1.3 million) payment from the regional government of the Balearic Islands to fund a conference on tourism and sport. The scandal broke in 2011, just as the country was going through a deep economic crisis.

King Juan Carlos, the father of Princess Cristina, abdicated after 40 years on the throne in favour of Felipe, his youngest son, in 2014. Back in 2015, King Felipe stripped his sister of her title, the Duchess of Palma de Mallorca.

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