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Princess Cristina of Spain may be named in corruption case
Guardian (UK) ^ | Friday 22 February 2013 07.19 EST | Giles Tremlett in Madrid

Posted on 02/22/2013 6:34:07 AM PST by DeaconBenjamin

King Juan Carlos's daughter likely to be formally named as a suspect in multimillion-euro scandal ahead of possible indictment

As a financial scandal engulfs the royal family and politicians begin to call for his abdication, Spain's King Juan Carlos faces one of the worst weeks in his 37-year reign, with prosecutors set to ask a judge to formally name his daughter Princess Cristina as a suspect in a multimillion-euro fraud and money-laundering case.

The request, which would be a preliminary step to a possible indictment, is poised to be made next week and will be based on the testimony of Diego Torres, a former business school lecturer who became the partner of Cristina's husband, Iñaki Urdangarin.

The two men allegedly obtained millions of euros from fraudulent deals with politicians keen to bathe in the reflected glory of royalty. Part of the money was allegedly then laundered through offshore accounts.

Fresh evidence has cast serious doubts over Urdangarin's claim that his wife had a hands-off relationship with the foundation. Urdangarin and Torres, who have been named as suspects but not indicted, also deny any wrongdoing.

The growing scandal has reached a new peak as Urdangarin prepares to appear before Castro to answer more questions about the multimillion-euro deals struck by the supposedly not-for-profit Nóos Institute with regional governments in Valencia and the Balearic Islands.

Sources close to the case say, in evidence last week, Torres also claimed senior politicians from Valencia travelled to the king's Zarzuela Palace in Madrid to discuss future contracts with his son-in-law. A palace adviser who also served on the foundation's board, Carlos García Revenga, is also due to be questioned by Castro on Saturday.

(Excerpt) Read more at guardian.co.uk ...


TOPICS: Crime/Corruption; Foreign Affairs; Government
KEYWORDS: corruption; cristina; juancarlos; royals; spain; urdangarin

1 posted on 02/22/2013 6:34:11 AM PST by DeaconBenjamin
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To: DeaconBenjamin

No different than what our government does with our tax dollars. When will we some some arrests here?

*Crickets Chirping*


2 posted on 02/22/2013 6:36:27 AM PST by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: DeaconBenjamin

#thingsthatmakeyougohmmmm-Remember our First Lady’s very fancy trip to Spain a little while ago??


3 posted on 02/22/2013 6:52:51 AM PST by browniexyz
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To: DeaconBenjamin

it’s all about the money isn’t it? all the elites and the governments give a care about is the money


4 posted on 02/22/2013 7:00:29 AM PST by yldstrk (My heroes have always been cowboys)
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To: DeaconBenjamin

Very brief look at Spanish media didn’t reveal any of this. No mention either in News for Juan Calos from Google.

‘Not sayin’ it ain’t so, but it seems odd.


5 posted on 02/22/2013 8:30:03 AM PST by onedoug
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To: DeaconBenjamin
Uh, oh...


6 posted on 02/22/2013 3:06:41 PM PST by Libloather (The epitome of civility.)
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