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Duke and Duchess of Palma's accountant confesses all
04 July 2014 @ 13:12

A FORMER accountant for the King's brother-in-law has revealed all that went on within the 'front' company Aizoon and the so-called non-profit association, the Nóos Institute, as a plea-bargain to reduce his own sentence.

Marco Antonio Tejeiro, whose sister Ana is married to the Duke of Palma's former co-director Diego Torres and is also believed to be implicated - handed in a missive to the court yesterday (Thursday) revealing that the public funds supplied to the Nóos Institute were siphoned off by the two men via Aizoon and other 'front' companies with no apparent commercial activity.

The Infanta Cristina - sister of King Felipe VI - and her husband Iñaki Urdangarín (pictured) have both been 'dropped' from the official Royal family although they retain their Duke and Duchess titles.

Urdangarín and Torres face up to 19 years in jail and the Infanta has been formerly charged with embezzlement and money-laundering based upon her 50-per-cent stake in Aizoon, a 'family firm' with no employees.

Aizoon did not have any resources or other means to carry out business of any description, Sr Tejeiro writes, but fake invoices were reportedly issued in the name of the firm to the Nóos Institute, which left Torres and Urdangarín up to 5.9 million euros richer when the Institute paid these 'invoices'.

Read more at thinkSPAIN.com



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