Friday, June 12, 2015

Spain: Princess striped of title amid fraud inquiry

The Spanish King Felipe VI has removed the title "Duchess of Palma" from his sister, Princess Cristina, who is to go on trial charged with tax evasion.
Princess Cristina  was granted the title in 1997 when she married Inaki Urdangarin, a former Olympic handball player who is also accused of tax evasion.

According to her lawyer,the Princess had asked the king to remove her title.  
But the royal palace said the king made the decision before seeing her request. 
Prosecutors in Palma de Mallorca have long been investigating the business dealings of Inaki Urdangarin.
He stands accused with 15 others of embezzling 5.6m euros (£4m; $6m) of public money from the Noos Institute - a charitable sports foundation he ran with a business partner. The princess is accused of involvement in the alleged scam.
It is the first time in modern Spain's history that a member of the royal family has faced court cross-examination in a major corruption scandal.Cristina is the youngest daughter of former King Juan Carlos, who abdicated last year.The princess has  denied the tax fraud charges.