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Nov. 21, 2012 / 11:37 AM

High bail sought for king's son-in-law

Infanta Cristina of Spain and her husband, Iñaki Urdangarin attend the Congressional Hispanic Caucus Institute’s 34th Annual Awards Gala at the Washington Convention Center in Washington, DC, September 14, 2011. UPI/Olivier Douliery/Pool

Infanta Cristina of Spain and her husband, Iñaki Urdangarin attend the Congressional Hispanic Caucus Institute’s 34th Annual Awards Gala at the Washington Convention Center in Washington, DC, September 14, 2011. UPI/Olivier Douliery/Pool | License Photo

MADRID, Nov. 21 (UPI) -- Spanish prosecutors said Wednesday they want bail set at $10.5 million for the son-in-law of King Juan Carlos and his business partner.

Inaki Urdangarin, who is married to the King's youngest daughter, and partner Diego Torres are accused of fraud and other crimes in connection with the disappearance of public funds, ThinkSpain reported.

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Prosecutor Pedro Horrach said a large sum is needed to cover any possible legal liabilities of the defendants as their trial progresses. However, he said he was willing to consider bail in the range of $6.4 million to $7.7 million.

Defense attorney Mario Pascual Vives said he has not been officially informed of the bail application but considers $10.5 million to be "exaggerated."

Urdangarin, a former handball player and Olympic medal winner, is married to the Infanta Cristina.

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