Spain princess sells villa to bond out in fraud scan­dal

The China Post - - INTERNATIONAL -

Spain’s Princess Cristina and her hus­band have sold their Barcelona man­sion, re­port­edly worth nearly seven mil­lion eu­ros (US$8 mil­lion), in a fraud scan­dal that has em­bar­rassed the monar­chy, a court said Thurs­day.

Cristina, sis­ter of King Felipe VI, and her hus­band the for­mer Olympic hand­ball player Inaki Ur­dan­garin, were forced to sell the house to pay a court bond for their li­a­bil­ity in the case.

They paid a 2.4-mil­lion-euro in­stall­ment of the bond on Thurs­day, hav­ing raised cash by selling off the house, the court on the is­land of Ma­jorca said in a state­ment.

Span­ish news­pa­pers said the cou­ple were paid 6.9 mil­lion eu­ros for the big mod­ern house with its swimming pool and 2,000 square me­ters (21,500 square feet) of land.

Cristina, 49, has been or­dered to stand trial for al­legedly tak­ing part in tax eva­sion by Ur­dan­garin. He him­self is ac­cused of em­bez­zling six mil­lion eu­ros in public funds.

They have both de­nied the charges.

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