Judge José Castro Sets Iñaki Urdangarin and His Former Business Partner’s Bail at 8.1 Million Euros. (VIDEO)

On January 30, 2013, Judge José Castro set Mr. Iñaki Urdangarin, the Duke of Palma, and his former business partner, Mr. Diego Torres, bail at 8.1. million Euros.

According to AFP, the judge, “…issued a written order saying that their goods could be embargoed to make up the full amount if they fail to make the bail [within five days], which he set to reflect their potential financial liabilities in the case.”

The two are accused of embezzlement, fraud, misuse of public funds, and forgery from the non-profit organization they once presided over, Instituto Nóos.

Click here for more information from the Spanish newspaper, ABC.