The Spanish Prosecutor's office investigates the possible existence of millions of dollars in funds on the island of Jersey, which may be linked to the honorary King Juan Carlos I, who abdicated in 2014, Report says, citing TASS.
According to her, the service for the prevention of money laundering sent a report to the Spanish Prosecutor's office in October, which stated the possible existence of suspicious institutions located on the island of Jersey, which may be associated with the former head of state. The document also refers to millions of funds that could have been hidden from the Spanish tax authorities.
Thus, some new proceedings of the Prosecutor's office will investigate the existence of a trust in which it appears Juan Carlos I as a beneficiary and that draws on funds from another similar financial vehicle in the Channel Islands established in the 1990s.
The new fortune was transferred in 2005 to the aforementioned 'trust,' which has moved at least five million euros, the newspaper advances The world.
Currently, the Prosecutor's office of the Supreme court of Spain is already conducting two investigations related to the honorary king. One of them is related to commissions' possible receipt for a mediating role in negotiations with the Saudi side. The contract for constructing a high-speed railway on the Mecca-Medina line goes to a consortium of Spanish companies. The second trial is related to the possible use of credit cards linked to accounts that the former head of state did not hold.