Spain's Princess Cristina to be investigated for tax fraud The princess was initially named as a suspect and subpoenaed to testify in an investigation of fraud and embezzlement centring on her husband, Iñaki Urdangarin, the Duke of Palma, but the decision was reversed by a judge on appeal earlier this month. The development comes after the Princess lost an appeal to block any further scrutiny of her tax filings when she was cleared of suspicion in her husband's case and her subpoena dropped. The investigation will examine whether the Princess "was aware that Aizoon was a shell company and that her husband used it to defraud the Treasury." It could result in Princess Cristina becoming the first royal-born member of Spain's ruling family to be criminally charged in Spain, striking a further blow to Spain's monarchy which is already suffering plummeting popularity. The King has sought to distance himself from the burgeoning scandal surrounding his son-in-law, a former Olympic handball champion who married Princess Cristina in 1997. The Duke of Palma and his former business partner Diego Torres are accused of siphoning off a possible €6 million in public donations for sports and cultural events organised through the Noos Institute, a supposedly non-profit organisation that Urdangarin ran from 2004 to 2006. In testimony, he has played down Cristina's role, saying his wife and royal in-laws had no real knowledge of nor involvement in his business dealings.