29 Jul, 2014 @ 15:42
1 min read

King Felipe enforces new rules to keep Spanish royals out of the private sector

royals business e

THE massive embezzlement scandal surrounding Princess Cristina has led to a whole new set of royal rules.

King Felipe VI has tried to regain favour for the monarchy with the new rules to limit the scandal-ridden royal family’s involvement in the private sector.

Under the new statutes, members of the royal family will no longer be allowed to work for private firms and palace accounts will be subject to stringent external audits.

Expecting approval before the year’s end, the new rules apply to former king Juan Carlos and his wife Sofia as well as Felipe’s wife Queen Letizia and their two daughters.

Felipe’s sister the Infanta Cristina is currently facing trial over her alleged involvement in the money-laundering and fraudulent activities of her husband Inaki Urdangarin.

New email evidence that emerged this month alleges that the Infanta played a key role in, and was aware of, all her husband’s business dealings.

Lawyer Manuel Gonzalez Peeters hopes the documents will prove that Cristina lied when she told the court she played no part in her husband’s business activities, and was unaware that the family business – of which she has a 50% share – was used for tax evasion and money-laundering.

However, despite the controversy surrounding Princess Cristina, the king’s sisters will be exempt since they are considered only relatives of the royal family rather than official members.


  1. Sounds like an “elitist society” to me – the Royal Family needs new “special rules” saying they can’t break the Law?
    Anyway, as Spain is in the EU, these “special rules” would be thrown out as discriminatory in the EU Court of Human Rights.

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