Iñaki Urdangarin asks permission to sell properties

ROYAL son-in-law, Iñaki Urdangarin, has asked permission from the judge handling the Noos case, to sell two apartments in Palma for €250,000.

The Palma court handling the case against the husband of the Infanta Cristina, has embargoed all of the assets of Aizoon, the company run by the couple, to cover the €13.6 million civil liability guarantee.

Urdangarin’s defence lawyer, Mario Pascual, has informed Judge Jose Castro that they have had an offer for the two apartments, located near the seafront, with their garages and storage space included.

From the sale price, €14,500 would have to cover estate agents’ fees, and €200,550 to pay off mortgages, as well as several other expenses, meaning that the amount made would be a little less than €27,000 which would be made available to the court.

Urdangarin claims that the apartments in Palma and another in Barcelona, which is also for sale, are his only assets.

He is charged with influence peddling, diverting funds, embezzlement, fraud, falsehood, crimes against the tax department and money laundering, for allegedly using the Noos Institute and sister companies to gain money from public institutions in the Balearic Islands, Madrid and Valencia. He is facing 19-and-a-half years in prison.

The trial, in which the Infanta is also due to take the stand, should start on January 11. 

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