Spain’s former monarch, King Juan Carlos I, says he is leaving to live in another country amid a financial scandal. His lawyer says Juan Carlos intends to cooperate with a probe that Spain’s Supreme Court opened earlier this year.
FILE - In this file photo dated Sunday, June 2, 2019, Spain's former King Juan Carlos waves at the bullring in Aranjuez, Spain. The royal family’s website on Monday Aug. 3, 2020, published a letter from Spain’s former monarch, King Juan Carlos I, saying he is leaving Spain to live in another country, amidst a financial scandal.
Juan Carlos, in the letter, said he made the decision against the backdrop of “public repercussions of certain episodes of my past private life.” Since Spain’s Supreme Court opened its probe earlier this year, Spanish media outlets have published damaging testimony from a separate Swiss investigation into millions of euros that were allegedly given to Juan Carlos by Saudi Arabia’s late King Abdullah.Juan Carlos allegedly then transferred a large amount to a former companion in what investigators are considering as a possible attempt to hide the money from authorities.
After media reports claimed Felipe was a beneficiary of an offshore account holding an alleged 65 million-euro gift from Saudi Arabia to Juan Carlos, Felipe renounced any future personal inheritance he might receive from the former king. Felipe also stripped his father of his annual stipend of 194,232 euros
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