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Tuesday, November 5, 2013

Spanish Royal's Property Impounded in Corruption Case


A judge in Spain has ordered properties belonging to the king's son-in-law to be impounded amid a corruption scandal

The duke and his former business partner Diego Torres are suspected of siphoning off money given by regional governments to the Noos Institute to organise sporting events

The events allegedly happened between 2004 and 2006, when the duke stepped down as head of the institute

Inaki Urdangarin(former Olympic handball player is married to King Juan Carlos's second child, the Infanta Cristinathe )Duke of Palma, is suspected of misusing millions of euros in public funds that were given to a charitable foundation he ran.

The judge ordered the seizure to cover a 6.1m euro (£5.23m: $8.2m) bond for the duke's liability in the case.

The duke has denied wrongdoing and has not been charged with any crime

Note
King Juan Carlos is credited with guiding Spain's transition to democracy after the death of dictator Francisco Franco in 1975.

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