The son in law of King Juan Carlos of Spain will stop taking part any in official ceremonies.
The Royal Palace has distanced itself from Inaki Urdangarin, who is married to the monarch’s daughter, Princess Cristina, because his business dealings are under investigation.
The former handball player is accused of siphoning off funds from public contracts awarded to a non-profit organisation he headed between 2004 and 2006.
His lawyer said in a statement:
“He is worried, sad and angry. For him it’s very clear. He is convinced he is completely innocent”.
With Spain in the grips of financial turmoil, the allegations could not have come at a worse time for the Spanish Royal Family. While protesting his innocence, Urdangarin has all the same apologised for the damage caused to the monarchy.