Princess Cristina of Spain Suspected of Fraud (Financial Times)
Spain’s Princess Cristina Federica de Borbon y Grecia will be formally questioned on April 27, 2013 in connection with Iaki Urdangarin’s (her husband) activities as president of Instituto Nos (Nos). Nos is a “non-profit” sports marketing organization. As president, Mr. Urdangarin is alleged to have pilfered millions of euros from public funds for his own, personal comfort. The investigation is led by Judge Jos Castro, who named the Princess a suspect after determining it would have been almost impossible for her to miss her husband’s activities from her position on Nos’ Board of Directors. This latest incident to mar the reputation of King Juan Carlos’ family comes at a time when Spain needs everything but bad publicity to help with economic recovery efforts. Does anyone think the Princess will do hard time?