Corruption in Spain Article Example | Topics and Well Written Essays - 250 words

Corruption in Spain - Article Example The article "Corruption in Spain" talks about the corruption situation in Spain involving Princess Cristina de Borbon, sister of Spain’s King and a former board member of Noos institute, and her husband who was the chair of Noos Institute. It is alleged that Princess Cristina's husband and his business partner used the consultancy and organization of tourism and sports banner together with their connections to obtain public contracts, which they overcharged. They stowed away the money in offshore accounts and other privately owned companies. Between 2003 and 2006, Urdangarin and Diego Torres, his former partner siphoned millions through Noor. In addition, it is alleged that Urdangarin and Christina used their company Aizoon to launder funds from their government. They obtained lucrative public contracts without bidding but used their royal connections to do so. Her silence involvement comes from the fact that she was a board member of Noor and a co-owner of Aizoon, a private company which she jointly owned with her husband, therefore, there is no way that Urdangarin would have committed the alleged crime without her knowledge. Similarly, Aizoon has the history of constantly changing its legal domicile. This together with the numerous links that it has with Noos is not a coincidence. The case is historic not only for Spain as a country but also for the entire Europe as it stresses the respect for and the independence of Spain’s judicial system.