Princess Cristina of Spain was named as a formal suspect in long-running corruption investigation on Tuesday in the latest blow to the reputation of the royal family. The 48-year-old was summoned to testify in court in Palma de Mallorca on March 8 on allegations of tax evasion and money laundering offences by a judge investigation a far reaching embezzlement case centering on her husband Inaki Urdangarin…
Princess Cristina’s husband is a former Olympic handball champion who was given the title of the Duke of Palma upon his marriage to the King’s youngest daughter in 1997.
He is accused with his former business partner Diego Torres of using his royal connections and embezzling some six million euros in public funds channeled through the Noos Institute, a not-for-profit organisation that organised sporting events.
It is the second attempt by investigating magistrate Jose Castro to implicate Princess Cristina in the probe which has now been running for nearly two years.
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Related story (in Spanish): Los dineros del duque: Las claves del caso Urdangarin (translated in English: click here)