Search thinkSPAIN.com for  in 
spain jobs
backprinttell a friend

Urdangarín's co-director: “The Royal household sanctioned our every financial activity”
By:
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.

 

 

 
Print Share Article RSS News Feed
print tell a friend stumble it!  delicious  digg it!  facebook   rss feed View feed | Add to my RSS reader rss feed

Latest Balearic Islands News
Compensation for woman suspended without pay for wearing hijab to work
Education & Employment - (15/2/2017)
Balearic anti-TTIP and CETA campaigners warn their regional government of the risks
Business/Economy - (11/2/2017)
Hunt for missing teenage girl in Ibiza
Crime/Incidents - (11/2/2017)
 
Latest Politics & People articles
'Law is the same for everyone', says government as Urdangarín released without bail and Rato and Blesa given 'lenient' sentences
Spain  - (24/2/2017)
Ciudadanos proposes eight-year cap on presidential reigns
Spain  - (22/2/2017)
Retired bull-fighter 'El Cordobés' admits Manuel Díaz is his son a year after paternity suit
Spain  - (22/2/2017)
 
  back
Follow thinkSPAIN on
Facebook Twitter
 
 
 
 
 
 
© 2003-2017 Think Web Content, S.L. - All rights reserved