Deal Makers, Europe, Family Office, Global Economics, Global Investment, News, Portfolio Management, Private Bankers, The Rich

Spanish King Felipe VI Brother-in-Law to Serve Time in Women Prison for Embezzlement & Tax Fraud

Spanish King Felipe VI Brother-in-Law to Serve Time in Women Prison for Embezzlement & Tax Fraud

The brother-in-law of Spain’s King Felipe VI, Iñaki Urdangarin, will be serving his prison sentence of 5 years and 10 months in a women prison for security reason.

” Spanish King Felipe VI Brother-in-Law to Serve Time in Women Prison for Embezzlement & Tax Fraud “

Iñaki Urdangarin was found guilty in 2017 for embezzling millions of dollar and tax fraud between 2004 to 2006 from a non-profit foundation (Noos Foundation) he headed in Majorca.  He had used his royal connections to win public event contracts, overcharged for the events and had hid millions abroad.  Money from the non-profit foundation were used to pay for personal expenses including family holidays and home furnishings.

Iñaki Urdangarin is the husband of Princess Cristina, who is the sister of Spain’s current King Felipe VI (Reign – from 2014) and daughter of former King Juan Carlos (Reign 1975 – 2014).  In 2014, King Juan Carlos abdicated from the throne.

Princess Cristina was the first member of the Spanish royal family ever to stand in court.  Her husband, Iñaki Urdangarin, is a former Spanish national handball player.  Brieva prison, where he is serving his sentence, is a women prison, but has 4 cells reserved for males.

Source: Euronews, Reuters

 

Video:

 

Video:

 

Video:

 

Video:

 

Video:

 


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency

 

Previous ArticleNext Article