Swiss authorities today closed a money laundering case involving King Felipe’s father, King Juan Carlos.
Prosecutors were looking into claims Spain’s former head of state received $100 million from Saudi Arabia through a Swiss account for facilitating a high-speed rail deal.
But Swiss authorities said they were unable to prove the Saudi money was tied to the rail project. Don Juan Carlos has long been close with Saudi royals.
The former head of state has been living in exile in the United Arab Emirates and has worked to address previously unreported earnings to Spanish tax authorities.
Don Juan Carlos abdicated in 2014 as claims against him were starting to emerge and the financial crisis made Spaniards less forgiving of their monarch.
Media outlets detailed a relationship with German businesswoman Corinna Zu Sayn-Wittgenstein, who ended up with much of the money in question. A money laundering probe against her was also dropped.
Infanta Cristina and Infanta Elena visit their father regularly, according to media outlets. It’s unclear whether Queen Sofia has seen her husband. She remains in active service of the Royal Family and popular among Spaniards.
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