King of Spain reveals loan to the Infanta Cristina

After several media commented on the suspicious transfer of King Juan Carlos to his daughter, the Infanta Cristina, a spokesman for the Spanish Royal House informed yesterday the reason for the bank transfer.

In 2004, King Juan Carlos transferred $ 1.6 million from his personal account of his second daughter, Cristina, as a  loan so she can buy a house in Barcelona (Spain) with her husband, Iñaki Urdangarin, who is currently being investigated  for  corruption and embezzlement.

The information is connected to a document from the Spanish Tax Agency incorporated to the ‘case Noos’, under investigation for the alleged diversion of 6 million euros of public money to a foundation headed by Urdangarin.