Authorities Launch New Probes Into King Juan Carlos’ Finances

Spanish authorities have launched several probes into King Juan Carlos’ personal finances, according to media outlets.

Don Juan Carlos, the former head of state, left Spain for the United Arab Emirates this summer following pressure from his son, King Felipe, and goverment leaders.

Switzerland has long been looking into the movemenet of tens of millions of dollars connected to King Juan Carlos. Spanish authorities have are also investigating now that the monarch, who abdicated in 2014, is no longer immune from prosecution.

Queen Sofia watches as King Juan Carlos signs papers related to his abdication in 2014 at the Madrid Royal Palace. Spanish Royal Household

The latest leaked investigation, first reported by El Mundo, centers around an offshore trust connected to Don Juan Carlos.

King Felipe this year announced he was resigning any inheritance from his father.

King Felipe during a recent event with Spain’s former prime ministers. Spanish Royal Household

King Juan Carlos, who helped steer Spain to democracy, was once deeply popular, but failing health, rumors of financial improprieties and a high profile affair with a German businesswoman led to his downfall.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s