Judge sets bail at €8.2 million for Urdangarin and his former partner

A Spanish judge has set bail at €8.2 million ($11.1 million) for the king's son-in-law and his former business partner before their possible trial in a corruption case which has been troubling the monarchy for years.

Iñaki Urdangarin hasn't been charged with a crime, but is a suspect in a case in which he and his partner allegedly funneled about €5 million in public funds to companies they controlled.

The Palma de Mallorca court on Wednesday gave them five days to pay. They are free to agree between themselves on how to divide the total amount.

Urdangarin, who is married to Princess Cristina, could have properties embargoed if he fails to provide the bail but wouldn't go to prison.