Over the past year and a half, Iñaki Urdangarín and his partner Diego Torres may have attempted to destroy evidence or hinder investigations of their business practices by hiding money. The efforts would have helped them avoid allegations of deceiving the Spanish government, financial fraud and tax evasion. According to sources close to the investigation, this could be one of the reasons explaining why only several days after the investigation process began, Urdangarín moved the headquarters of his Barcelona-based consulting firm, Aizoon, from his palace in the Pedralbes neighborhood to offices located on Balmes Street.
Perhaps it was also one of the reasons that the two partners decided to liquidate De Goes Center for Stakeholder Management, a British company with a branch in Spain and roots in Belize. The men have used this company to siphon funds.
In the Mercantile Registry of London, the official dissolution of the company was registered on June 29, 2010, months before a formal investigation on the pair began even though there had been accusations made at that time.
The deal
According to the most recent data available, the Nóos Institute, a group that Urdangarín managed and where his wife the Infanta Cristina also worked, was acquired by a firm located in Belize in 2006. The deal was coordinated by De Goes Center for Stakeholder Management.
