MADRID: The sister of Spain’s King Felipe VI on Monday paid a deposit of 587,000 euros ($750,000) to cover her alleged liability in a graft case which has damaged the monarchy’s standing.

Prosecutor Pedro Horrach said last week that there was no evidence to try the princess Cristina but said she should pay 587,413.58 euros to cover the money she could have made thanks to her husband’s alleged illegal dealings.

Horrach recommended that her husband, former Olympic handball player Inaki Urdangarin, be tried for embezzlement and money-laundering.

If Urdangarin is found guilty, the prosecutor recommended he be sentenced to 19 and a half years’ jail time and fined 3.5 million euros.

A court on the island of Majorca where the case is being investigated has received a deposit to cover the full amount called for by Horrach, the court said in a statement.

Cristina’s lawyer, Miguel Roca, said last week that the princess would promptly pay the amount to “extinguish her civil and criminal responsibility”.

Urdangarin, 46, is accused along with his former business partner of creaming off six million euros in public funds from contracts awarded to Noos, a charitable foundation.

Cristina, 49, sat on the board of Noos and Urdangarin was its chairman.—AFP

Published in Dawn, December 16th, 2014