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December 23, 2014

Spain's Princess Cristina Indicted in Charity-Fraud Probe

Princess Cristina, sister of Spanish King Felipe VI, was indicted Monday on charges of tax fraud in connection with a long-running investigation of her husband's nonprofit athletic organization, reports the Associated Press. The first member of the Spanish royal family ordered to stand trial since the country reinstated the monarchy in 1975, she faces up to four years in prison if convicted.

Judge Jose Castro has spent four years investigating allegations that Cristina's husband, former Olympic handball player Iñaki Urdangarin, used his royal ties to embezzle nearly $7.4-million in public funds through inflated contracts with his Nóos Institute and that the princess benefited from the alleged fraud. The judge rejected a prosecutor's recommendation that Cristina be fined and spared a trial.