By Euro Weekly News Media • 05 February 2015 • 17:43
JUDGE CASTRO, in charge of the Noos case, has given permission for the Duke and Duchess of Palma to sell their Barcelona mansion for €6.95 million.
The judge accepted King Felipe’s sister and her husband’s petition to sell the property in the exclusive Pedralbes urbanisation, half of which was placed under embargo when the case began.
The sale is allowed on the condition that they agree to put the €2.3 million they will get for the home towards their civil responsibility guarantees of €13.6 million for the duke, Iñaki Urdangarin, and €2.7 million for the Infanta Cristina.
The petition, presented by Urdangarin and backed up by the Infanta Cristina, had suggested that after the sale the couple would have €1.6 million to pay part of the guarantees, as most of the benefits from the sale would have to go towards paying off mortgages and debts.
Yet the judge dictated that some of the loans reported were not connected to the property and the funds should therefore not be used to pay them off.
Iñaki Urdangarin’s lawyer, Mario Pascual Vives, declared that even if the property were sold, the Duke of Palma would continue to have financial problems, and was currently seeking work.
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