Police are this evening searching the Barcelona based headquarters of the Instituto Noos, the not-for-profit foundation of the Duke of Palma, Iñaki Urdangarín, the husband of Princess Cristina de Borbón, the younger daughter of the King and Queen of Spain, reports El País.
The foundation is alleged to have received a large amount -well over a million- from the region for “consulting fees”. it’s part of the larger investigation into the caso Palma Arena, the irregular issuing of contracts for the construction and running of sporting venues across the isles.
Iñaki’s foundation is supposed to help sports across the nation – Iñaki is a keen sailor and enjoys the high life. He has not been directly implicated, although a number of his closest associates are “helping the police with their enquiries” and are even having their homes searched. The police, in this case, being Judge José Castro, a man who obviously isn’t expecting any Royal favours in the near future.
Rumours have dogged Inaki for years over his dodgy business deals, but he’s always been a bit too close to the top for the mud to stick. It will be interesting to see how far they can push this one…