Former king Juan Carlos I to be investigated in Spain for corruption

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Spain’s supreme court launched an investigation into the former king Juan Carlos I over claims he received millions of pounds in kickbacks over a rail deal in Saudi Arabia.

The investigation is linked to a €6.7 billion deal in 2011 involving a Spanish consortium to build a high speed rail link to Mecca and Medina. Because according the constitution of the country the figure of the king is “immune from responsibility,” the probe will target allegations of money laundering and fraud after Juan Carlos abdicated from the throne in 2014. A German businesswoman and former lover of Juan Carlos declared that Juan Carlos, 82, was paid $100 million by the Saudi royal family and he paid €65m into her bank account.

Supreme Court of Spain

Spanish anti-corruption officials suspect that the king kept some undeclared funds in Switzerland, and a Swiss investigation is under way. There has been no comment so far from the ex-king himself or his lawyers. The royal palace said Juan Carlos would also stop receiving an annual grant of €194,000. Juan Carlos was widely admired for steering Spain to democracy during a difficult period but later he drew criticism. The Spanish parliament previously decided against launching an investigation into the suspected money laundering scandal.

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