Sunday 20 April 2014

King's daughter facing fraud probe

Spain's Princess Cristina is suspected of tax fraud and money laundering

Princess Cristina, the daughter of Spain's King Juan Carlos, has been subpoenaed by a Spanish court as a suspect in an investigation of alleged tax fraud and money laundering, the latest blow to the royal family's reputation.

Palma de Mallorca court judge Jose Castro ordered the 48-year-old princess to appear on March 8 for questioning about her partnership with her husband, Inaki Urdangarin, in a firm called Aizoon.

Mr Urdangarin is already under investigation for allegedly using his position to embezzle several million dollars in public contracts assigned to a supposedly nonprofit foundation he set up.

The court cancelled a subpoena against the princess for questioning in that case last year.

The probes have seriously damaged the image of 76-year-old Juan Carlos, once one of Spain's most respected figures.


Press Association

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