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Spain’s King Felipe distances himself from scandal-hit father

King Felipe VI of Spain moved Sunday to distance himself from his scandal-hit father, stripping him of his palace allowance and renouncing what he was due to inherit from him.

Spain's King Felipe distances himself from scandal-hit father
The two kings. Photo: AFP

The announcement came after reports earlier this month in the Swiss daily Tribune de Geneve that former monarch Juan Carlos had received 100 million dollars (90 million euros) from Saudi Arabia via an offshore account.

The money was lodged in a Swiss bank account in the name of a Panamanian foundation, the paper reported, according to which $65 million of that sum was given by Juan Carlos to his former mistress, Corinna zu Sayn-Wittgenstein.   

A later report in Britain's Daily Telegraph said that 52-year-old King Felipe was also a beneficiary of the fund, which it said had been set up when Juan Carlos was still on the throne.

In the palace statement released Sunday, the reigning king said that in April he had made it clear to a notary that he would accept no money from the foundation in question.

He also said he had absolutely no knowledge of having been named as a beneficiary to another foundation, which according to press reports paid millions of euros towards his father's flights in private jets.

The statement said King Felipe was renouncing any assets, shares or investments that might be either illegal or compromise the royal family's integrity.

Spanish media reports say Juan Carlos has until now received an annual allowance from the state of more than 194,000 euros ($216,000).  

Growing pressure from the left   

The reaction from leftwing parties Sunday evening suggested that for them, at least, it was not enough.

On Twitter, economist Carlos Sanchez Mato of the United Left party, called on the king to renounce everything he stood to inherit from his father – including his role as head of state.

On Tuesday, the Spanish parliament decided against launching an investigation into suspected money laundering by the former king.    

Spain's hard-left Podemos party had called for it after reports earlier this month that in 2008 Juan Carlos received $100 million from Saudi Arabia's King Abdullah via the Swiss account of an entity listed in Panama.

Podemos, which is part of the ruling coalition with Pedro Sanchez's Socialist Party, is avowedly republican.

Juan Carlos, now 82, came to the throne after the death of the military dictator Francisco Franco in 1975 and is widely respected for having favoured a transition to democracy.

But he lost his immunity from prosecution after handing power to his son, Felipe, in June 2014 following a 39-year reign.   

He resigned from public life last year after a series of scandals about his private life.

In 2012, he outraged Spaniards by going elephant hunting in Botswana at the height of the country's recession.

But he is not the only Spanish royal to have been caught up in a scandal.    

In 2018, King Felipe's brother-in-law Inaki, the husband of Princess Cristina, was jailed for more than five years for siphoning off millions of euros from a foundation he ran in the island of Majorca.

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ROYALTY

‘Alone and bored’: A year after exile, legal woes haunt Spain’s ex-king

A year after Spain's former King Juan Carlos went into self-imposed exile in the face of mounting questions over his finances, he remains under a cloud of suspicion that complicates his return home.

'Alone and bored': A year after exile, legal woes haunt Spain's ex-king
Juan Carlos I's close ties with Gulf leaders have allowed him to live in opulent exile in Abu Dhabi for a year. Photo: KARIM SAHIB / AFP

He announced on August 3, 2020 he was moving abroad to prevent his personal affairs from undermining his son King Felipe VI’s reign and sullying the monarchy.

But his choice of new home — the United Arab Emirates, where some of his business affairs triggered the scandals that tainted his reputation in the first place — only raised Spaniards’ eyebrows further.

Juan Carlos has told his son that he would like to return to Spain “but he won’t come back without the approval” of the royal household, said Jose Apezarena, the author of several books on Felipe.

And the position of the royals is that “until his legal problems end, he should not return”, Apezarena told AFP.

The 83-year-old former king is the target of three separate investigations over his financial dealings, including those linked to a high-speed rail contract in Saudi Arabia that was awarded to a Spanish consortium.

Prosecutors in Spain and Switzerland are looking into suspicions he received kickbacks for facilitating the deal.

The suspicions centre on $100 million (€85 million) that Saudi Arabia’s late King Abdullah allegedly deposited in 2008 into a Swiss bank account to which Juan Carlos had access.

The other two investigations concern the alleged existence of a trust fund in Jersey linked to Juan Carlos and the undeclared use of credit cards linked to accounts not registered in his name, a possible money-laundering offence.

‘Very bored’

Spanish monarchs have immunity during their reign but Juan Carlos abdicated in 2014 following a series of health problems and embarrassing revelations about his personal life, leaving himself vulnerable to prosecution.

While he has not been charged with any crime, the probes have tainted his reputation as a leader of Spain’s democratic transition following the dictatorship of General Francisco Franco.

Outside of the Royal Palace in central Madrid, opinions were divided.

“He is being judged without any evidence, he should be able to come home if that’s what he wants,” said Pura Fernandez, 46, a bank worker.

But delivery rider Angel Galan, 27, was less sympathetic.

“He may have done some great things for Spain but if he committed irregularities I am not sad that he is gone,” he said.

While in exile, Juan Carlos has twice settled tax debts with Spanish authorities for a total of more than €5 million.

But he has otherwise kept a low profile at the villa on the island of Nurai off the coast of Abu Dhabi where he now lives.

“He is alone and very bored,” said Apezarena.

Photo: KARIM SAHIB / AFP

‘Not normal’

When reports emerged in February that Juan Carlos was in poor heath, the former monarch told online Spanish daily OKDiario he was “well, exercising two hours daily” in his only comments to the media since moving abroad.

Abel Hernández, a journalist and expert on the monarchy, said he believes Juan Carlos will return to Spain by the end of the year.

“He has not been charged with anything and has regularised his situation with the tax office. It does not seem normal that he remains outside of the country,” Hernández told AFP.

The scandals swirling around Juan Carlos have provided ammunition for those wanting to abolish the monarchy.

The far-left party Podemos, which is the junior partner in Spain’s coalition government, has called for a parliamentary investigation into Juan Carlos’s wealth.

Felipe, meanwhile, has sought to distance himself from his father.

Last year the king renounced his inheritance from Juan Carlos, and stripped the ex-monarch of his palace allowance after new details of his allegedly shady dealings emerged.

Polls show support for the monarchy has inched up since Juan Carlos moved abroad although a survey published Sunday in conservative daily La Razon found 42.9 percent of Spaniards feel Juan Carlos’s legal woes were hurting Felipe’s reign.

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