Spain princess sells villa to bond out in fraud scandal
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.