CHARGES against the King and Queen's son-in-law Iñaki Urdangarín are enough to put him in jail for 23 years and his co-director from the Nóos Institute, Diego Torres, behind bars for 19 years.
They do not face charges for money-laundering since this was not a crime as such between 2004 and 2008, when the offences were committed.
But both could be formally accused of six criminal activities – misuse of public funds, power-dealing, forgery, fraud, and two counts of tax evasion.
Torres and Urdangarín each look set to face a fine of 3.5 million euros.
Urdangarín, who is also the Duke of Palma, is believed to have deliberately used his status as a member of the Royal family by marriage to drum up support for the Nóos Institute, which purported to be a charitable foundation seeking to promote sports and cultural events.
In practice, however, it was a profit-making company which proved very lucrative to its two directors at the taxpayer's cost.
The regional governments of Valencia and the Balearic Islands provided funding for the Nóos Institute's supposedly charitable activities.
They are also considered to have used front companies to avoid paying income tax, instead paying company tax, which is less.
Both are thought to have put personal expenses through their businesses to reduce their income tax by offsetting these against their fiscal obligations as 'company running costs'.
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