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Urdangarín's co-director: “The Royal household sanctioned our every financial activity”
thinkSPAIN , Saturday, January 9, 2016

EX-DUKE of Palma Iñaki Urdangarín's business partner Diego Torres insisted that the Royal household sanctioned the pair's financial transactions and that they 'always acted in good faith'.

Torres and Urdangarín are facing at least 16 years in prison for public fund embezzlement through their company, the Nóos Institute, deliberately set up as a non-profit entity for promoting cultural and sporting events, but which was in practice a lucrative corporation.

Urdangarín's wife, the Infanta Cristina – King Felipe VI's youngest sister – is also facing trial, but on a smaller scale.

Cristina and Iñaki were stripped of their titles of Duke and Duchess of Palma by Felipe VI in light of their impending court hearing.

But Torres, in an interview with the talk show El Objetivo on Spain's channel six, La Sexta, stressed that the Royal household 'supervised all the Nóos Institute's activity'.

Is there anything wrong with the behaviour of the Royal household, or that of its manager, or of the Infantas Cristina and Elena's secretary Carlos García Revenga? No, there isn't, and I will always maintain there isn't, and that they have always acted correctly,” Torres told presenters on the programme, which is not due to be aired until tomorrow (Sunday, January 10).

They reviewed everything we did and said, 'yes, that's great', or 'yes, I think that's wonderful', or 'go for it, then', and always guided us,” Torres insisted.

Despite insisting Urdangarín is 'every bit as innocent' as he himself is, Torres could not help a dig at his former co-director by adding: “Nobody's found, in any of my companies, invoices for Salsa classes, trips to Rome to watch football matches, or safaris in Africa.”

Torres and Urdangarín are charged with power-dealing, bribery, fraud, tax evasion, forgery, money-laundering and embezzlement.

The full hearing of all parties believed to be involved, including the Infanta Cristina, is due to start on January 16 and could take up to five months to complete.



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