		<div class="wpcnt">
			<div class="wpa">
				<span class="wpa-about">Advertisements</span>
				<div class="u top_amp">
							<amp-ad width="300" height="265"
		 type="pubmine"
		 data-siteid="111265417"
		 data-section="2">
		</amp-ad>
				</div>
			</div>
		</div><p>The husband of Spain&#8217;s Princess Cristina has told a court he was not aware of questionable billing by a company he co-owned with her and denied demanding a €300,000 commission to help the regional Balearic Islands government land a cycling team sponsorship deal.</p>
<p>Inaki Urdangarin, a former Olympics handball star-turned-entrepreneur, is accused of using his former title of Duke of Palma to embezzle about €6m in public funds for sporting events through the non-profit Noos Institute he ran with a business partner.</p>
<p>Questioned for two hours by a prosecutor during the fraud trial for the couple and 16 others, Urdangarin repeatedly said he knew nothing about bills paid by Noos to companies, including his Aizoon property firm labelled a &#8220;front company&#8221; in court documents.</p>
<p>He also denied knowing how Aizoon received money that Valencia&#8217;s regional government paid for a sports conference.</p>
<p>How is it possible that of the €900,000 charged for the Valencia Summit, more than €400,000 ended up with the company that you own?&#8221; asked prosecutor Pedro Horrach.</p>
<p>Urdangarin responded: &#8220;I don&#8217;t know, because I wasn&#8217;t the manager.&#8221;</p>
<p>He firmly denied earlier evidence by former Balearic Islands regional leader Jaume Matas, who said he approved the 2003 commission deal as a &#8220;toll&#8221; for Urdangarin&#8217;s influence in winning the sponsorship with Banesto, then one of the world&#8217;s best cycling teams.</p>
<p>Urdangarin is expected to give evidence again on Wednesday. He faces a maximum jail sentence of 19 years if found guilty.</p>
<p>Cristina, the sister of King Felipe VI, is charged with two counts of tax fraud and faces a possible eight-year sentence.</p>
<p>She is scheduled to give evidence after her husband and is the first Spanish royal to face criminal charges since the monarchy&#8217;s restoration in 1975.</p>
			<div style="padding-bottom:15px;" class="wordads-tag" data-slot-type="belowpost">
				<div id="atatags-dynamic-belowpost-68ed5d00ca5ba">
					<script type="text/javascript">
						window.getAdSnippetCallback = function () {
							if ( false === ( window.isWatlV1 ?? false ) ) {
								// Use Aditude scripts.
								window.tudeMappings = window.tudeMappings || [];
								window.tudeMappings.push( {
									divId: 'atatags-dynamic-belowpost-68ed5d00ca5ba',
									format: 'belowpost',
								} );
							}
						}

						if ( document.readyState === 'loading' ) {
							document.addEventListener( 'DOMContentLoaded', window.getAdSnippetCallback );
						} else {
							window.getAdSnippetCallback();
						}
					</script>
				</div>
			</div>
Discover more from London Glossy Post
Subscribe to get the latest posts sent to your email.
