A Spanish court on Friday absolved 51-year-old Princess Cristina, the sister of King Felipe VI, of charges of accessory to tax fraud following an investigation into her husband's financial affairs.
Her husband however, Inaki Urdangarin, has been sentenced to six years and three months in jail.
Even though she was acquitted, the court ordered Cristina to pay a €265,000 fine for "civil responsibility". The Princess' 1997 wedding in Barcelona to Iñaki was a fairytale occasion, with Cristina being given away by her father, the then-monarch King Juan Carlos. Questioned in court in February 2014, she said she took her husband at his word.
The verdicts are in relation to a corruption ring surrounding Urdangarin's non-profit organization, the Noos Institute, which siphoned off more than €6 million ($6.4 million) in public funds.
A lawyer with Cristina's defense team, Miquel Roca, said that the princess was "satisfied for the acknowledgement of her innocence" but that she was still convinced that her husband wasn*t guilty.
The case can be appealed in the Supreme Court, but it was not clear whether Urdangarin would choose to do so.
Princess Cristina of Spain acquitted in fraud case as husband jailed
The investigation heightened the impression among Spaniards that the royal family was out of touch with ordinary people just as Spain was suffering its worst recession of modern times.
The Spanish royal family has been under scrutiny in recent years for its lavish lifestyle while much of the rest of the country was undergoing economic hardship.
The institute organized conferences and sports-related events and was run by Urdangarin and a partner, Diego Torres.
In 2015, King Felipe stripped her and Urdangarin, 49, of their titles as Duke and Duchess of Palma de Mallorca.
Prosecutors said Urdangarin had used his royal connections to win public contracts to put on events through the Noos Foundation, then overcharged for the events and hidden millions of euros in proceeds overseas.
Some of the funds were transferred to a private company which paid for personal family items such as vacations, home furnishings and theater tickets.
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The findings are important, he adds, because they verify the results of earlier studies considered too small to be conclusive. People still see them as either being hard or else have been the result of parents who haven't managed them well.