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The princess will have to pay as much as 265,088 euros because of responsibilities related to how she benefited from her husband's dealings, the court said.
The Infanta of Spain Princess Cristina Federica has been cleared in a tax fraud case, though her husband, Iñaki Urdangarin, has been sentenced to more than six years in prison.
Cristina's husband, Inaki Urdangarin, was sentenced to 6 years and 3 months in prison on charges of fraud and tax evasion, the authorities said in a statement on their website.
Neither were called to appear in court to hear the verdict. She was the first member of Spain's royal family to face criminal charges since the monarchy was restored in 1975.
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She was stripped of her official title - Duchess of Palma - by her brother the King ahead of her trial.
There were 16 other defendants in what became known as the Nóos case that began in 2010, including former government minister Jaume Matas, sentenced to almost four years, and Diego Torres, Urdangarin's former business partner, sentenced to over eight years.
She told the court last March that her husband was in charge of family finances, saying: "I didn't get involved in that".
Urdangarin, a former Olympic handball player, had used his royal connections to win public contracts to put on events through his non-profit organisation, the Noos Foundation, then overcharged for the events and hidden millions of dollars in proceeds overseas, according to prosecutors.
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Princess Cristina now lives in Switzerland.
Princess Cristina was co-owner of a real estate consultancy, one of several used to assist in the laundering of the skimmed off money.
King Juan Carlos, the father of Princess Cristina, abdicated after 40 years on the throne in favour of Felipe, his youngest son, in 2014.
The trial, and the long investigation that preceded it, had been closely followed in a country inured to high-level political and banking corruption cases, and where inequality has grown in the wake of the 2008 financial crisis.
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The case further soured public opinion of the Spanish royal family.
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