According to a statement released by the palace (via Agence France-Presse): "The official journal of the state [on Friday] will publish a royal decree by which his majesty the King will revoke the use of the title of Duchess of Palma de Mallorca by Her Royal Highness the Infanta Cristina."
The formal title of Duchess of Palma de Mallorca was bestowed upon Princess Cristina in 1997, by her dad, King Juan Carlos I of Spain, who abdicated the throne last year.
The bold move from King Felipe comes after surmounting pressure that his sister relinquish her succession rights amidst her scandal. Princess Cristina is expected to stand trial as the first-ever royal in Spain to face prosecution since the monarchy's restoration in the country in 1975.
She is accused of being involved in a huge tax-evasion scheme involving her husband, former Olympic handball player Inaki Urdangarin, who apparently embezzled millions of public funds through his Noos Foundation.
Cristina's lawyers, however, have remained adamant that the Princess was not involved in the scheme and was simply used by her husband.
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