Spanish princess risks having assets seized

The younger sister of King Felipe VI of Spain, the Infanta Cristina de Borbon, risks having her assets seized as a result of the ongoing Noos Corruption case.

Judge Jose Castro, who is investigating the case on Monday ordered Cristiana to hand over a list of her assets after accusing her of failing to pay a bond of 2.7 million euros to cover her liability.

Judge Castro's written ruling said the deadline for the bond, which was requested in December 2014, had expired and gave her and 10 other defendants three days in which to give details of their "current accounts, deposits, financial assets and real estate."

Cristiana and her husband, former handball player Inaki Urdangarin, will soon face trial in Palma, Mallorca over the case in which the 'Noos Foundation' (which was supposedly a non-profit organization) is accused of taking around 6 million euros (6.6 million U.S. dollars of public funds) through a mixture of inflated prices and payment for events which were never organized.

The Infanta, along with her husband was a director in the company and signed important documents, although her defense lawyer and the Spanish State Prosecutor, who both opposed the case against her, argue that she merely signed documents which were placed in front of her without reading them.

Cristiana is the first member of the Spanish Royal family to have to face trail in a public court and the case is a considerable embarrassment to the Spanish Monarchy, which is trying to improve its public image after Felipe replaced his father Juan Carlos on the throne last June. Endit