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Infanta Cristina 'could be sentenced to 16 years in prison'
26 June 2014 @ 10:24

KING Felipe's sister, the Infanta Cristina, could face up to 16 years in jail after being formally charged with money-laundering and tax evasion in connection with the trial affecting her husband, Iñaki Urdangarín.

Judge José Castro has completed his investigations into the 'Nóos case' and presented a 227-page report which names 16 people as being charged, including Urdangarín himself, his co-director Diego Torres, and the Infanta Cristina, also known as the Duchess of Palma.

He states that there are 'very clear indications' that the Duchess 'provided the means' for her husband to earn a fraudulent living, as well as offsetting personal expenses against the firm Aizoon, which she has a 50 per cent stake in, enabling her to avoid paying hundreds of thousands in taxes.

According to the report, money-laundering carries a prison sentence of between six months and six years and a fine of up to three times the amount defrauded, and where the sum in question exceeds 120,000 euros – the minimum threshold for tax evasion to be considered a criminal, rather than civil offence – and is less than 600,000 euros, a jail term of between one and five years applies plus a fine of up to six times the amount laundered.

Read more at thinkSPAIN.com



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