Spanish princess accused of tax fraud and money laundering

Spanish Princess Cristina, the youngest daughter of King Juan Carlos, was formally accused of tax fraud and money laundering on Tuesday, and ordered to appear for questioning on March 8.

The princess and husband Iñaki Urdangarin, who was charged with fraud, tax evasion, and embezzlement, have denied accusations related to the corruption investigation.

According to court documents, new evidence suggests the princess helped her husband conduct illegal activities on behalf of his sports foundation, Instituto Noos. Plaintiff's attorney Virginia Lopez-Negrete said that questioning the princess is like questioning any suspect, "This is just a procedural step, something that happens every day all over Spanish courts. Maybe she won't be charged, but it's clear that she has to be questioned."

The Spanish royal household responded to the magistrate's announcement that they have "maximum respect for judicial decisions."

[New York Times] [Wall Street Journal] [BBC]