Tags: princess cristina | indicted | court | spain

Princess Cristina Indicted? Possibly Soon, Spanish Court Says

Image: Princess Cristina Indicted? Possibly Soon, Spanish Court Says
Princess Cristina of Spain.

By    |   Wednesday, 25 Jun 2014 01:39 PM

Princess Cristina, the sister of the newly crowned King Felipe VI of Spain, could soon be indicted as a court continues to investigate claims of corruption and embezzlement.

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

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, according to The Associated Press.

Urgent: Do You Approve Or Disapprove of President Obama's Job Performance? Vote Now in Urgent Poll

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."

Urgent: Assess Your Heart Attack Risk in Minutes. Click Here.

© 2017 Newsmax. All rights reserved.

   
1Like our page
2Share
TheWire
Princess Cristina, the sister of the newly crowned King Felipe VI of Spain, could soon be indicted as a court continues to investigate claims of corruption and embezzlement.
princess cristina, indicted, court, spain
335
2014-39-25
Wednesday, 25 Jun 2014 01:39 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved