King Felipe VI of Spain has withdrawn the title of 'Duchess of Palma de Mallorca' from his sister Cristina de Borbon following charges of fraud being levelled against her.
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As per the official statement released by the palace, the official journal of the state will publish a royal decree by which his majesty the King will strip the use of the royal title by Her Royal Highness the Infanta Cristina,Us Magazine has reported.
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The 50-year-old princess is accused of being involved in a huge tax-evasion scheme involving her former Olympic handball player husband Inaki Urdangarin, who apparently embezzled millions of public funds through his Noos Foundation.
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Princess Cristina was bestowed with the formal royal title in 1997 by her late dad, King Juan Carlos I of Spain.
