Iñaki Urdangarin, the Duke of Palma de Mallorca, has announced that he is taking a leave from his post at Spanish multinational Telefónica.
The Duke, husband of the King’s youngest daughter, the Infanta Cristina, is returning to Barcelona from his post in the Washington, D.C. area.
Facing corruption allegations stemming from his work with the non-profit Noos Institute, media reports say Urdangarin wants to be in Spain to defend himself and wants to protect his employer from any controversy.
News reports from last month indicated that Urdangarin signed a new work contract with Telefónica. He was set to receive almost 3 million euro in compensation.
Prosecutors say the Duke and an associate funneled public funds for personal gain. They are also accused of document fraud.
The Duke denies wrongdoing and the Royal Household has stressed that King Juan Carlos urged his son-in-law to stay away from lucrative business dealings.
Media reports say Urdangarin, his wife and their children will move to a more modest home in the Barcelona area and abandon their current residence in the posh neighborhood of Pedralbes.