MADRID — King Juan Carlos’s son-in-law will stop taking part in official ceremonies because of business dealings that are under investigation, Spain’s Royal Palace said Monday as it sought to dissipate a whiff of scandal.
The decision regarding Inaki Urdangarin, husband of the monarch’s daughter Princess Cristina, was a mutual one made by Urdangarin and the Royal Palace, its chief of staff Rafael Spottorno said in a rare meeting with Spanish media.
Urdangarin, 43, is reportedly suspected of siphoning away funds from public contracts awarded from 2004 to 2006 to a non-profit foundation he then headed.
The allegation looks terrible for the royal family at a time of acute hardship and economic crisis in Spain, where unemployment stands at 21.5 percent.
Urdangarin has not been charged with a crime. He issued a statement Saturday saying he regrets the “damage” the case is doing to the royal family but admitted no wrongdoing.
The Spanish media are all over this news and the damage to the image of the monarchy!