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SPANISH PRINCESS FACES FRAUD CHARGES

By   /   June 26, 2014  /   No Comments

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Princess Infanta Cristina de Borbon. (photo: republica.com)

Princess Infanta Cristina de Borbon. (photo: republica.com)

A Spanish princess faces fraud charges after a judge ruled that she must stand trial in a case involving her husband’s business.

A Palma de Mallorca court said that Princess Infanta Cristina, also known as Cristina de Borbon,  must face tax fraud and money laundering charges, according to a report in Newsweek.

The charges stem from an investigation into Cristina’s husband’s business dealings.  Her husband, Inaki Urdangarin, is being investigated for using his high-level connections to win lucrative public contracts for his non-profit organization, the Noos Foundation.  Mr Urdangarin is suspected by Spanish authorities of embezzling several millions of euros in public funds.

Princess Cristina, sits on the board of directors of the Noos Foundation, and is charged with knowingly abetting her husband’s fraud.

Inaki Urdangarin. (photo: royalcorrespondent.com)

Inaki Urdangarin. (photo: royalcorrespondent.com)

Both Princess Cristina and Mr. Urdangarin have denied wrongdoing in the case.

 The news of Princess Cristina’s charges arrive only a week after King Juan Carlos abdicated in favor of his son, now King Felipe VI.

Princess Cristina the youngest offspring of the recently-abdicated King Juan Carlos, and  is presently sixth in line to the Spanish throne.

 

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