Newspaper article International Herald Tribune

Judge Orders Son-in-Law of Spain's King to Post Bond

Newspaper article International Herald Tribune

Judge Orders Son-in-Law of Spain's King to Post Bond

Article excerpt

Inaki Urdangarin, son-in-law of King Juan Carlos, and a former business partner were ordered Wednesday to post bond of EUR 8.1 million as part of an investigation into possible embezzlement of public funds.

A Spanish judge on Wednesday demanded that the son-in-law of King Juan Carlos and a former business partner post a bond of EUR 8.1 million as part of an investigation into whether they embezzled millions of public money allocated to sports and tourism events.

The son-in-law, Inaki Urdangarin, has not been formally charged as part of the fraud investigation. But he was subpoenaed last year, becoming the first member of the royal family to appear in court in modern Spanish history. Mr. Urdangarin and his main business partner, Diego Torres, as well as others involved in the sports and tourism events have denied wrongdoing.

Still, the judge, Jose Castro, released a lengthy court filing on Wednesday in which he wrote that Mr. Urdangarin and Mr. Torres "ignore the rules of public contracting in order to meet their goal, which is no other than to divert public funds for their own benefit or that of others." The two men were given five days to pay the bond, which is equivalent in value to $11 million, or face seizure of property and other assets. …

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