FORMER accountant of Noos Institute Marco Antonio Tejeiro has confessed to crimes of embezzlement, naming Princess Cristina’s husband Inaki Urdangarin as an associate.

Tejeiro also accused Urdangarin’s partner Diego Torres, who has announced that he will sue the ex-accountant for false accusations.

Two days after Infanta Cristina denied any association with the alleged crimes, Tejeiro’s confession signals a major development, one that further implicates the princess’s involvement.

Investigating judge Jose Castro received the confession just three hours before he was set to announce indictments, causing him to delay his decision even further.