A FLAMENCO star has been found not guilty of fraud and misappropriation of funds by a Madrid court.

Joaquin Cortes, from Cordoba, had been accused by two Argentinian investors of taking €600,000 from a fund which was to be used for a cultural project.

But the 43-year-old dancer, a former member of the Spanish National Ballet, was cleared of any wrongdoing, along with his sister and his agent.