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December 29, 2011

The Duck Of Windsor He Ain't

The Duck of Palma and his bride, Infanta Christina de Espana

The son-in-law of King Carlos of Spain is now a person of interest in an embezzlement investigation, according to Spanish authorities.
Inaki Urdangarin, 43, a former Olympic athlete who carries the title Duke of Palma, will face court as part of an investigation into accusations that a non-profit organisation he ran was siphoning off funds from the regional government of the Balearic Islands – Majorca, Menorca, Ibiza and Formentera.
For the record, any woman of royal birth whose name is Infanta Christina has absolutely no business marrying anyone named Erkle.
The Noos Institute, which the duke ran from 2004 to 2006, is accused of misusing millions of euros in public funds.
Oh noes! Not the Noos?!?!
The case has made the front pages of Spanish newspapers for weeks, but a judge's decision to name Mr Urdangarin as a formal suspect took the scandal to a new level.

The former handball player, who is married to King Juan Carlos's younger daughter, Princess Cristina, will have to appear in court in Palma, the capital of Majorca, on Feb 6.
And this was the magic that sealed the deal for her... he played Olympic handball?

Hmmm -excuse me Your Royal Highness, I'd like to introduce you to Mr. Palms of Steel!

So, who is Erkle and what does he do? According to Forbes, he is from Sao Paolo, Brazil:
Inaki Urdangarin is 42 years old and serves as a member of our Board of Directors. Mr. Urdangarin is a former world-class professional handball player. He has also participated in three Olympic Games, winning medals in two of them (1996 and 2000), and is Spain's most decorated sportsman accumulating significant sporting achievements, and especially the affection of many fans across Europe. He held the important role of Vice-President of the Spanish Olympic Committee. He combined competitions with studies of Business Science.
If he played hockey I could understand her attraction.
After ending his sporting career, he began advanced management studies in ESADE, one of the most prestigious business schools in the world. Currently, he is a professor of business policy at ESADE. He has also developed a professional career as an advisor and consultant at La Caixa (a major Spanish financial firm) and Octagon, before he co-founded the Noos Institute, where he was the president until 2006...
...when he decided to tap into the fruit of the Institute.

Okay, okay, I agree. He is innocent until proven guilty. But for a Court to bring a member of the royal family under suspicion there has to be more than a handful, or palmful, of evidence implicating the Duck.

The Duck is being investigated for billing regional governments over 5 million euros for organizing sporting events and then diverting the funds to companies controlled by his associates.

More from Forbes:
Sustainable development and social integration have been some of the priority areas in which Mr. Urdangarin has developed his own professional activities for Telefónica. His sports, academic and professional experience makes him believe in the power of sports and culture as useful tools for social inclusion. He, together with other relevant sportsmen, international academics and CEOs, developed a foundation to study and promote the use of sports and culture to help those in danger of being socially excluded.
He's guilty as sin! Guilty! Guilty! Guilty!
Anyone who makes a living from the Society For The Prevention of Danger of Social Exclusion has to be stealing someone blind.


Here's Spain's royal family. That's the Duck on the right.

12 comments:

Doom said...

No, it's "duke". Unless of course... He is 'unforgiven'. :p

Goes with my theory on most "charities" and "non-profits". They hide profit in incredible salaries for people who are already well off or outright rich, who still seem to want more for their "social works" so simply steal beyond their grotesque salaries. Bah!

Well, and my notion that colleges, which simply allow cheating now, and have evolved away from business ethics (so to allow for cheating? and more, because success only equals wealth, no matter the costs?), create these type of people daily.

*shrug* Still, he is a duck.

sig94 said...

Doom - The collitches emfarsize donashuns fum elumeyes.

The Watcher said...

HANDBALL?

And we thought Obama was worthless...

sig94 said...

Watcher - The PHA - Professional Handball Association? Now there's a league that has Budweiser and Gillette drooling to get into as major sponsors. I can see the ad now - "I wanna slap your balls!"

Might as well have Olympic babysitting or maybe Olympic knitting.

banned said...

Siphoning EU funds is quite commonplace to the degree that their own auditors have refused to sign off their books for 13 straight years.

Oh well, at least he's not a real royal, just an in-law a bit like our very own Duchess of York, Sarah Ferguson.

Kid said...

And what is with people's fascination with these suckas. Oh, look at me, I'm really important, I'm getting married, so sit in front of your TVs with drool hanging off your chin for weeks on end and buy a bunch of crappy magazines that speculate on what kind of underwear my bride is gonna bring along to the honeymoon, the dress she's gonna wear, what lipstick, where she gets a pedicure,
Puke.
No wonder politicians treat people like cattle.

Opus #6 said...

Mr. Palms-of-steel is a sight more handsome than Obama. But just as lawless, apparently.

sig94 said...

banned - parasites are parasites whether they are small time welfare cheats or big time politically connected movers and shakers. They're all thieves.

sig94 said...

Kid - sometimes it's like watching a train wreck, other times it's like watching Cinderella but it is all mindless drama that the common people love. It's on all the time just like OJ's 30 mph car chase. People eat this crap up.

sig94 said...

Opus - like Obama he is an opportunistic feeder. I wonder where else he has been feeding his greedy face,eh?

Kid said...

Sig, Well, I hope I didn't offend anyone. Marriage is a big day for women and I can understand them watching it as much as guys love to watch other guys building houses, taking stuff apart, or the lingerie bowl, so there's that :)

sig94 said...

Kid - different strokes and all that. Makes the wurl go round. :)