Court Moves Closer to Indicting Spanish Princess

Madrid: A Spanish judge has moved closer to indicting Princess Cristina, sister of newly proclaimed King Felipe, in a tax fraud and money-laundering investigation centering on her husband.

Wrapping up a four-year pre-trial investigation, Palma de Mallorca investigative magistrate Jose Castro on Wednesday kept Cristina on the list of suspects he thinks should stand trial - in her case for money- laundering and tax fraud cooperation.

The judge said husband, Inaki Urdangarin, should be tried for embezzlement and fraud.

Neither has been formally charged.

Prosecutors and defendants will study the ruling and present their accusations or arguments. The judge will then decide on what indictments to issue, a step not likely to occur before September.