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Home Uncategorised Spain’s ex-king leaving country amid allegations of financial misconduct - Fox News

Spain’s ex-king leaving country amid allegations of financial misconduct – Fox News

Extinct Spanish King Juan Carlos I is leaving Spain for one different, unspecified, nation after an investigation accused him of hiding a whole lot and a whole lot gifted to him by Saudi Arabia, the royal household talked about Monday.

The announcement modified into as quickly as made in a letter on the royal household’s internet web page written by Juan Carlos for his son, King Felipe VI.

Within the letter, Juan Carlos talked about he made the decision in opposition to the backdrop of “public repercussions of sure episodes of my past deepest existence.”

FILE: Spain's former King Juan Carlos waves at the bullring in Aranjuez, Spain. 

FILE: Spain’s extinct King Juan Carlos waves on the bullring in Aranjuez, Spain. 

Juan Carlos talked about he didn’t need to scheme his son’s function subtle, on the facet of that “my legacy, and my hang dignity, demand that it will silent be so.” Juan Carlos’ latest whereabouts had been not identified.

Spain’s prime minister not too way back talked about he came upon the tendencies about Juan Carlos – on the facet of investigations in Spain and Switzerland – “demanding.”

Since Spain’s Supreme Courtroom docket opened its probe earlier this one yr, Spanish media outlets have printed unfavorable testimony from a separate Swiss investigation into a whole lot and a whole lot of euros that had been allegedly given to Juan Carlos by Saudi Arabia’s leisurely King Abdullah.

The reviews accused Juan Carlos of then transferring a immense amount to Corinna Larsen, a Danish-German businesswoman and extinct companion, in what investigators are considering as a possible try to hide the cash from authorities.

The 82-one yr-extinct extinct king is credited with serving to Spain peacefully restore democracy after the dying of dictator Francisco Franco in 1975.


However marred by scandals within the later years of his reign, Juan Carlos in 2014 abdicated in choose of his son Felipe VI, dropping the immunity from prosecution Spain’s construction grants to the pinnacle of advise.

After media reviews claimed Felipe modified into as quickly as a beneficiary of an offshore memoir preserving the similar of a $76 million from Saudi Arabia to Juan Carlos, Felipe renounced any future deepest inheritance he may perchance per probability obtain from the extinct king.

The royal rental has denied that Felipe had any knowledge of his father’s alleged financial irregularities. The royal internet web page talked about in an announcement that Felipe revered his father’s decision.

Felipe acknowledged the traditional significance of his father’s reign, the assertion talked about, nonetheless additionally “reaffirmed the recommendations and values on which it stood, in the framework of our structure and the the relaxation of our lawful device.”


The decision to go away Spain blueprint Juan Carlos will vacate the 17th-century Zarzuela palace in Madrid, his residence for further than 50 years. He moved there after marrying the extinct queen, Sofia, in 1963.

The Related Press contributed to this characterize.

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