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ISSUE NO. 1651
23 Feb - 1 March 2017
MALLORCA
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Prison or bail
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Verdict on King’s brother-in-law By Simon Firth The husband of Spain’s Princess Cristina, who was convicted of fraud and tax evasion, will find out if he is to be jailed while his appeal goes through the courts. Although his wife was acquitted, Iñaki Urdangarin was given a sentence of six years and three months by judges in Mallorca. He was convicted of tax offences, fraud, falsifying documents, embezzlement and abuse of position. The princess, sister to the Spanish King, Felipe VI, still
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faces a fine of €265,000 as she benefited from illegal activity in terms of civil responsibility. Although there were 16 defendants in the case, the most eagerly awaited judgements were on Urdangarin’s former business partner, Diego Torres, and former government minister, Jaume Matas. Torres received the longest sentence, eight-and-a-half years, while Matas must serve three years and eight months. The King’s brother-in-law, Urdangarin is a former Olympic handball medalist
who was accused of using the sports foundation he ran, the Nóos Institute, to win falsely inflated contracts from regional government organisations. The money was then channeled into personal accounts via tax havens. It was alleged Nóos received more than €6m in public money, principally from the Valencian and Balearic regional governments. The latter has already indicated it intends to pursue a legal attempt to recover the €2.3m it paid to the Nóos institute.
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PAGES PRINCESS CRISTINA: Was acquitted.
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