More Spanish corruption and scandal king’s sister, Cristina, acquitted, but her husband gets six years in prison, is Cristina being used to open the door for Bárcenas?
The former Duke of Mallorca and Spanish king’s brother-in-law and former Duke of Mallorca, Iñaki Urdangarín, has been sentenced to six years in prison for the perversion of justice, falsification and money laundering.
He was one of the key players in the so-called ‘Nóos case,’ an operation which investigated how Urdangarín’s non-profit foundation Nóos Institute obtained no-bid contracts from regional governments.
His wife, Philip VI’s sister Cristina de Borbón, who was also accused of tax fraud complicity, has been finally acquitted! By Palma de Mallorca’s court but she will have to pay €265,000 fine!!.
Former president of the Balearic Islands, Jaume Matas, who had 50% of the company ‘Nóos’ shares, has been sentenced to three years and eight months in prison while Urdangarin’s partner in the company will have to face an 8 years prison sentence.
The so-called ‘Nóos case’ investigates an alleged corruption scandal which involved the government of the Balearic Islands and part of the Royal Family. The leaders of the nonprofit foundation Nóos Institute, Iñaki Urdangarín, then Duke of Palma de Mallorca, and his business partner Diego Torres were accused of using Nóos and a corporate network of companies to embezzle about €6 million in public funds for sporting events. The charges were perversion of justice, falsification and money laundering.
In the 740-page-long resolution, the court considered that the Balearic Government did not follow the appropriate legal proceedings applicable. They hired the firm Nóos Strategic Consultancy, which was 50% owned by Urdangarín and Torres, to build the so-called ‘Project’s office’ and the Nóos Institute to organise the Balearic Islands Forum in 2005 and 2006.
According to the judge, the decision responded to former Balearic President, Jaume Matas’s unilateral criteria and “the influence exercised by Mr Urdangarin.”
Torres and Urdangarin paid through the Corporation Tax yields obtained as a result of their professional activity and which should, therefore, have been paid through Income Tax. Moreover, they benefited from reductions which they didn’t have a right to, evading more than €120,000 in tax.
Considering all this, Palma de Mallorca’s court sentenced Urdangarin to six and three months in jail, seven years of rehabilitation and a €521,553 fine.
The Spanish king’s brother-in-law gets 6 years for repeated perversion of justice, falsification of public documents, embezzling public money, and two crimes against the Public Treasury, influence trafficking and public fraud.
His business partner Diego Torres has been sentenced to eight years and six months in prison, and a €1,723,843 fine for his role in creating the Nóos Institute. He has been accused of the same crimes as Urdangarín but also money laundering.
Moreover, the court found that Diego Torres 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.”
Former Balearic President, Jaume Matas, has been found guilty of perversion of justice, falsification of public documents, embezzling public money and public fraud and been given three years and eight months in prison and seven years ban from public office.
Infanta Cristina absolved
Spain’s King’s sister, Cristina de Borbón, has been absolved of the charges she was accused of by the popular acusation. The court decided to clear her of the criminal charges against although she will have to pay a fine of €265,088 for her role in the scheme.
The trial, which started in 2016, has gathered much interest, since it was the first time that a member of the Royal Family has been brought to court.