Iñaki Urdangarin Sentenced To Six Years In Prison for Nóos Fraud
The Nóos scandal has come to a conclusion today in Mallorca, where Iñaki Urdangarin was sentenced to serve six years and three months in prison after being found guilty of fraud by the Provincial Court of Palma. He has also been fined 512,000€.
Infanta Cristina, his wife, has been found not guilty of tax evasion. She will be required to pay a 265,000€ fine.
Urdangarin had been charged with several crimes – including embezzlement, forgery and money laundering – after it was claimed he ran a scheme diverting millions of Euros of public funds given to the Nóos Institute into private accounts.
Neither of the couple were in court for the verdict announcement. Urdangarin may appeal the verdict.Filed under Spanish Royals
Tagged Iñaki Urdangarín, Infanta Cristina of Spain, Legal Matters.