Spain’s former monarch, Juan Carlos, says he is leaving Spain to live in another country amid corruption allegations.
Spain’s King Felipe VI on Tuesday accused authorities in the northeast region of Catalonia of disloyalty to the state in what he called their unacceptable push for independence.After media reports said Felipe was a beneficiary of an offshore account holding an alleged $76-million gift from Saudi Arabia to Juan Carlos, Felipe renounced any future personal inheritance from his father. Felipe also stripped his Juan Carlos of his annual stipend of $228,000.
The royal house has denied that Felipe had any knowledge of his father’s alleged financial irregularities.Felipe acknowledged the , the statement said, but also “reaffirmed the principles and values on which it stood, in the framework of our Constitution and the rest of our legal system.”Get breaking news, investigations, analysis and more signature journalism from the Los Angeles Times in your inbox.
The Supreme Court investigation centers on developments after mid-2014. That covers the second phase of the 2011 contract for the bullet train between the Saudi cities of Medina and Mecca — the so-called “AVE of the desert,” a reference to the acronym for high-speed trains in Spain., passed on the throne to his son after holding it for nearly four decades.Though Juan Carlos’ finances have been questioned in Spanish media for years, there have so far been no legal implications for him.
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Former king Juan Carlos leaves Spain amid financial scandalJuan Carlos's decision to go into exile comes after Spain's Supreme Court opened an investigation into his alleged role in a scandal over a multi-billion-dollar contract with Saudi Arabia.
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Former king Juan Carlos leaves Spain amid financial scandalJuan Carlos's decision to go into exile comes after Spain's Supreme Court opened an investigation into his alleged role in a scandal over a multi-billion-dollar contract with Saudi Arabia.
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