Spanish duke fails to pay millions in bail
Source: AFP |
February 8, 2013, Friday
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SPANISH King Juan Carlos' son-in-law is facing having his assets frozen after he failed to make a bail payment in a corruption case that has rocked the monarchy.
Inaki Urdangarin and his former associate Diego Torres Perez were given until the end of Wednesday to jointly pay the 8.2 million euros (US$11.1 million) by a court in Palma on the island of Mallorca.
The bail is being applied in a civil case and failure to pay it could lead to their property being seized but would not send them to prison.
The two men are suspected of siphoning off millions of euros paid by regional governments for staging sporting and tourism events to the Noos Institute, a charitable organization based in Palma which Urdangarin chaired from 2004 to 2006. They have denied any wrongdoing.
They have appealed the bail amount. But the court in Palma which is carrying out the investigation said yesterday that since the bail was not paid by the deadline, it would demand that both men draw up a list of assets worth the amount of bail that would be frozen.
Urdangarin's assets include a luxury home in the Pedralbes area of Barcelona he acquired with his wife in 2004 reportedly for around six million euros.
Urdangarin, who acquired the title of Duke of Palma when he wed the king's youngest daughter Cristina in 1997, has been called to appear at a court in Palma on February 23.
Inaki Urdangarin and his former associate Diego Torres Perez were given until the end of Wednesday to jointly pay the 8.2 million euros (US$11.1 million) by a court in Palma on the island of Mallorca.
The bail is being applied in a civil case and failure to pay it could lead to their property being seized but would not send them to prison.
The two men are suspected of siphoning off millions of euros paid by regional governments for staging sporting and tourism events to the Noos Institute, a charitable organization based in Palma which Urdangarin chaired from 2004 to 2006. They have denied any wrongdoing.
They have appealed the bail amount. But the court in Palma which is carrying out the investigation said yesterday that since the bail was not paid by the deadline, it would demand that both men draw up a list of assets worth the amount of bail that would be frozen.
Urdangarin's assets include a luxury home in the Pedralbes area of Barcelona he acquired with his wife in 2004 reportedly for around six million euros.
Urdangarin, who acquired the title of Duke of Palma when he wed the king's youngest daughter Cristina in 1997, has been called to appear at a court in Palma on February 23.
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