Infanta Cristina acquitted in Nóos case, king’s brother-in-law given six years

Cristina de Borbón, sister of Spanish King Felipe VI, has been acquitted of tax fraud complicity in a high-profile corruption trial known as the Nóos case.

Her husband Iñaki Urdangarin, considered one of the masterminds behind a scheme that obtained no-bid contracts from regional governments, has been sentenced to six years and three months in prison.He has been found guilty of embezzlement, fraud, influence peddling and tax crimes. The court has also demanded that he pay a €512,000 fine.His business partner Diego Torres has been sentenced to eight years and six months in prison, and a €1,723,843.10 fine for his role in creating the Nóos Institute, a non-profit foundation that served as a recipient of government contracts that were secured without public tenders, thanks to Urdangarin’s influence as a member of the royal family.The court also found that Diego Torres, who evaded over €120,000 by filing personal income as corporate earnings, used “an international network of companies based in Belize and the United Kingdom to conceal the evaded amounts, transform them, and return them to legal circulation through successive fund transfers that ended up in accounts in his name.”Although Cristina de Borbón has been cleared of the criminal charges against her, she will have to pay a fine of €265,088 for her role in the scheme. The royal was never charged by either public prosecutors or tax authorities, but rather on the basis of a private prosecution. Source El Pais


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