Queen Letizia's father, aunt and grandmother face trial over alleged 'asset hiding'
Tuesday, September 30, 2014 @ 1:09 PM
QUEEN Letizia's dad and paternal aunt and grandmother are facing trial for allegedly masking assets to avoid paying a creditor.
María del Henar Ortiz Álvarez – known as Henar – was sued in her own name and that of her interior design company Henarmonía, S.C., for the sum of 22,600 euros by Sandra Ruiz, one of her creditors, in 2009.
She was also ordered to pay just under 6,800 euros in interest and legal costs, and required to present a list of assets to be embargoed by the court.
This was to include the property she, her brother Jesús Ortiz Álvarez, and their mother María del Carmen ('Menchu') Álvarez del Valle inherited from the latter's husband and the formers' father.
A judge believes the three worked together to keep the inheritance out of Henar's name.
Former DJ and reporter for Radio Asturias Menchu Álvarez (pictured) took over the property, which Jesús and Henar ceded to her, then took out an equity release mortgage on it.
Henar is then thought to have declared herself insolvent so as not to pay the creditor.
Read more at thinkSPAIN.com