King’s son-in-law facing €4-million bail payment in corruption case

Iñaki Urdangarin under investigation for channeling public money to private firms

The king's son-in-law, Iñaki Urdangarin, arriving in court in Feburary. / David Ramos (Getty Images)

Iñaki Urdangarin, the king’s son-in-law, will have to post bail of four million euros if the judge investigating him for misappropriation of public funds accepts the public prosecutor’s request.

For the last 18 months the husband of Princess Cristina, the youngest daughter of King Juan Carlos and Queen Sofía, has been under investigation for allegedly obtaining contracts without public tenders between 2004 and 2007 through the non-profit he presided, the Noos Institute.

The Popular Party governments of the Valencia region and Balearic Islands awarded Noos six million euros’ worth of contracts for sports and tourism events. Most of that money ended up in private companies owned by Urdangarin and his business associate, Diego Torres, who also faces the same bail.

The partners would set a price for the events and regional leaders paid without any public competition or previous audit of Noos’ rates, the investigation shows.

The scandal, which broke in late 2011, was a major blow to King Juan Carlos. Princess Cristina and Urdangarin have since been absent from royal events.

Para poder comentar debes estar registrado en Eskup y haber iniciado sesión

Darse de alta ¿Por qué darse de alta?

Otras noticias

LATIN AMERICA

Venezuelan students will not abandon demonstrations

EFE / Alfredo Meza Caracas

Protest leaders issue demands for talks

Deadline approaches for vigilantes to disband

Luis Pablo Beauregard Mexico City

Mexican Forces will have to register weapons with authorities on May 10

Mujica to ask Obama for help in anti-smoking dispute

Magdalena Martínez Montevideo

Phillip Morris claims Uruguay is violating bilateral treaty

Accords reached in Venezuelan peace talks

Alfredo Meza Caracas

Opposition agrees to take part in a truth commission

Calm returns to Nicaragua after quake panic

Carlos Salinas Managua

Experts want to determine what sparked the tremors

Venezuelan TV reporter released unharmed

Nairobi Pinto was found unharmed on Monday

Cocaine shipments through Caribbean on the rise

Maye Primera Miami

Smugglers being forced to use alternative routes following crackdowns in Mexico

Lo más visto en...

» Top 50

Webs de PRISA

cerrar ventana